Correlation Analysis Between Madrid Gnrl and BSE

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

Madrid Gnrl  vs.  BSE

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Madrid Gnrl is expected to under-perform the BSE. But the index apears to be less risky and, when comparing its historical volatility, Madrid Gnrl is 1.07 times less risky than BSE. The index trades about -0.08 of its potential returns per unit of risk. The BSE is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  3,473,358  in BSE on November 11, 2018 and sell it today you would earn a total of  41,643  from holding BSE or generate 1.2% return on investment over 30 days.

Pair Corralation between Madrid Gnrl and BSE

0.19
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy81.4%
ValuesDaily Returns

Diversification

Madrid Gnrl diversification synergy

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

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
$1051.75

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.


 
Search macroaxis.com