Correlation Analysis Between Stockholm and Israel Index

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

Stockholm  vs.  Israel Index

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Stockholm is expected to under-perform the Israel Index. But the index apears to be less risky and, when comparing its historical volatility, Stockholm is 1.4 times less risky than Israel Index. The index trades about -0.14 of its potential returns per unit of risk. The Israel Index is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  110,111  in Israel Index on October 18, 2018 and sell it today you would earn a total of  1,398  from holding Israel Index or generate 1.27% return on investment over 30 days.

Pair Corralation between Stockholm and Israel Index

Time Period1 Month [change]
ValuesDaily Returns


Stockholm diversification synergy

Very weak diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.