Pair Correlation Between NYSE and Seoul Comp

This module allows you to analyze existing cross correlation between NYSE and Seoul Comp. You can compare the effects of market volatilities on NYSE and Seoul Comp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in NYSE with a short position of Seoul Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of NYSE and Seoul Comp.
 Time Horizon     30 Days    Login   to change
Symbolsvs

NYSE  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to under-perform the Seoul Comp. In addition to that, NYSE is 1.06 times more volatile than Seoul Comp. It trades about -0.06 of its total potential returns per unit of risk. Seoul Comp is currently generating about 0.0 per unit of volatility. If you would invest  245,765  in Seoul Comp on March 27, 2018 and sell it today you would lose (883.98)  from holding Seoul Comp or give up 0.36% of portfolio value over 30 days.

Pair Corralation between NYSE and Seoul Comp

0.87
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy87.72%
ValuesDaily Returns

Diversification

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding NYSE and Seoul Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Seoul Comp and NYSE is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on NYSE are associated (or correlated) with Seoul Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seoul Comp has no effect on the direction of NYSE i.e. NYSE and Seoul Comp go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1040.04

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