Correlation Analysis Between Swiss Mrt and ATX

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

Swiss Mrt  vs.  ATX

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to under-perform the ATX. But the index apears to be less risky and, when comparing its historical volatility, Swiss Mrt is 1.1 times less risky than ATX. The index trades about -0.04 of its potential returns per unit of risk. The ATX is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  329,067  in ATX on August 23, 2018 and sell it today you would earn a total of  7,824  from holding ATX or generate 2.38% return on investment over 30 days.

Pair Corralation between Swiss Mrt and ATX

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

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