This module allows you to analyze existing cross correlation between NZSE and Jakarta Comp. You can compare the effects of market volatilities on NZSE and Jakarta 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 NZSE with a short position of Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of NZSE and Jakarta Comp.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NZSE is expected to under-perform the Jakarta Comp. But the index apears to be less risky and, when comparing its historical volatility, NZSE is 1.2 times less risky than Jakarta Comp. The index trades about -0.18 of its potential returns per unit of risk. The Jakarta Comp is currently generating about 0.47 of returns per unit of risk over similar time horizon. If you would invest 618,339 in Jakarta Comp on December 21, 2017 and sell it today you would earn a total of 30,751 from holding Jakarta Comp or generate 4.97% return on investment over 30 days.