Correlation Analysis Between Madrid Gnrl and AEX Amsterdam

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

Comparative Performance

 Predicted Return Density 
      Returns 

Madrid Gnrl  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Madrid Gnrl is expected to generate 0.96 times more return on investment than AEX Amsterdam. However, Madrid Gnrl is 1.04 times less risky than AEX Amsterdam. It trades about -0.01 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.02 per unit of risk. If you would invest  90,298  in Madrid Gnrl on November 13, 2018 and sell it today you would lose (513.00)  from holding Madrid Gnrl or give up 0.57% of portfolio value over 30 days.

Pair Corralation between Madrid Gnrl and AEX Amsterdam

0.74
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Madrid Gnrl and AEX Amsterdam

Madrid Gnrl diversification synergy

Poor diversification

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

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 Anywhere module to track or share privately all of your investments from the convenience of any device.


 
Search macroaxis.com