Correlation Analysis Between Stockholm and NZSE

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

Stockholm  vs.  NZSE

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  915,762  in NZSE on August 24, 2018 and sell it today you would earn a total of  21,835  from holding NZSE or generate 2.38% return on investment over 30 days.

Pair Corralation between Stockholm and NZSE

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
ValuesDaily Returns

Diversification

Pay attention

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

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