Correlation Analysis Between Swiss Mrt and DAX

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

Swiss Mrt  vs.  DAX

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.59 times more return on investment than DAX. However, Swiss Mrt is 1.71 times less risky than DAX. It trades about 0.2 of its potential returns per unit of risk. DAX is currently generating about 0.0 per unit of risk. If you would invest  861,656  in Swiss Mrt on June 22, 2018 and sell it today you would earn a total of  37,478  from holding Swiss Mrt or generate 4.35% return on investment over 30 days.

Pair Corralation between Swiss Mrt and DAX

0.82
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy96.67%
ValuesDaily Returns

Diversification

Very poor diversification

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

 Predicted Return Density 
      Returns 

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ExchangeNASDAQ
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See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.


 
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