Correlation Analysis Between Madrid Gnrl and XU100

This module allows you to analyze existing cross correlation between Madrid Gnrl and XU100. You can compare the effects of market volatilities on Madrid Gnrl and XU100 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 XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Madrid Gnrl and XU100.
Horizon     30 Days    Login   to change
Symbolsvs
Compare Efficiency

Comparative Performance

 Predicted Return Density 
      Returns 

Madrid Gnrl  vs.  XU100

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Madrid Gnrl is expected to generate 0.55 times more return on investment than XU100. However, Madrid Gnrl is 1.82 times less risky than XU100. It trades about -0.03 of its potential returns per unit of risk. XU100 is currently generating about -0.12 per unit of risk. If you would invest  90,095  in Madrid Gnrl on November 18, 2018 and sell it today you would lose (1,415)  from holding Madrid Gnrl or give up 1.57% of portfolio value over 30 days.

Pair Corralation between Madrid Gnrl and XU100

-0.05
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy58.14%
ValuesDaily Returns

Diversification Opportunities for Madrid Gnrl and XU100

Madrid Gnrl diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Madrid Gnrl and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 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 XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Madrid Gnrl i.e. Madrid Gnrl and XU100 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 Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.


 
Search macroaxis.com