Correlation Analysis Between Stockholm and DOW

This module allows you to analyze existing cross correlation between Stockholm and DOW. You can compare the effects of market volatilities on Stockholm and DOW 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 Stockholm with a short position of DOW. See also your portfolio center. Please also check ongoing floating volatility patterns of Stockholm and DOW.
Horizon     30 Days    Login   to change

Stockholm  vs.  DOW

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Stockholm is expected to under-perform the DOW. In addition to that, Stockholm is 1.08 times more volatile than DOW. It trades about -0.32 of its total potential returns per unit of risk. DOW is currently generating about -0.21 per unit of volatility. If you would invest  2,656,205  in DOW on September 22, 2018 and sell it today you would lose (124,464)  from holding DOW or give up 4.69% of portfolio value over 30 days.

Pair Corralation between Stockholm and DOW

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Stockholm and DOW in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DOW and Stockholm 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 Stockholm are associated (or correlated) with DOW. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DOW has no effect on the direction of Stockholm i.e. Stockholm and DOW go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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