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
Compare Efficiency

Comparative Performance

 Predicted Return Density 

Swiss Mrt  vs.  ATX

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.62 times more return on investment than ATX. However, Swiss Mrt is 1.61 times less risky than ATX. It trades about 0.0 of its potential returns per unit of risk. ATX is currently generating about -0.12 per unit of risk. If you would invest  875,035  in Swiss Mrt on November 16, 2018 and sell it today you would lose (3,667)  from holding Swiss Mrt or give up 0.42% of portfolio value over 30 days.

Pair Corralation between Swiss Mrt and ATX

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Swiss Mrt and ATX

Swiss Mrt diversification synergy

Average 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.

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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.