Correlation Analysis Between Madrid Gnrl and Shanghai

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

Madrid Gnrl  vs.  Shanghai

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Madrid Gnrl is expected to under-perform the Shanghai. But the index apears to be less risky and, when comparing its historical volatility, Madrid Gnrl is 2.29 times less risky than Shanghai. The index trades about -0.44 of its potential returns per unit of risk. The Shanghai is currently generating about -0.18 of returns per unit of risk over similar time horizon. If you would invest  279,748  in Shanghai on September 23, 2018 and sell it today you would lose (20,265)  from holding Shanghai or give up 7.24% of portfolio value over 30 days.

Pair Corralation between Madrid Gnrl and Shanghai

0.84
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy95.45%
ValuesDaily Returns

Diversification

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Madrid Gnrl and Shanghai in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Shanghai 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 Shanghai. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Shanghai has no effect on the direction of Madrid Gnrl i.e. Madrid Gnrl and Shanghai 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
$1096.47

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 Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
Search macroaxis.com