Correlation Analysis Between OSE All and Swiss Mrt

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

OSE All  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 0.83 times more return on investment than Swiss Mrt. However, OSE All is 1.2 times less risky than Swiss Mrt. It trades about -0.1 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.22 per unit of risk. If you would invest  101,394  in OSE All on May 22, 2018 and sell it today you would lose (2,248)  from holding OSE All or give up 2.22% of portfolio value over 30 days.

Pair Corralation between OSE All and Swiss Mrt

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy96.77%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1157.66

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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.