Correlation Analysis Between Swiss Mrt and CAC 40

This module allows you to analyze existing cross correlation between Swiss Mrt and CAC 40. You can compare the effects of market volatilities on Swiss Mrt and CAC 40 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 CAC 40. See also your portfolio center. Please also check ongoing floating volatility patterns of Swiss Mrt and CAC 40.
 Time Horizon     30 Days    Login   to change

Swiss Mrt  vs.  CAC 40

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 1.09 times more return on investment than CAC 40. However, Swiss Mrt is 1.09 times more volatile than CAC 40. It trades about 0.26 of its potential returns per unit of risk. CAC 40 is currently generating about 0.08 per unit of risk. If you would invest  845,993  in Swiss Mrt on June 21, 2018 and sell it today you would earn a total of  53,141  from holding Swiss Mrt or generate 6.28% return on investment over 30 days.

Pair Corralation between Swiss Mrt and CAC 40

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

Overlapping area represents the amount of risk that can be diversified away by holding Swiss Mrt and CAC 40 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CAC 40 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 CAC 40. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CAC 40 has no effect on the direction of Swiss Mrt i.e. Swiss Mrt and CAC 40 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.