Correlation Analysis Between Swiss Mrt and ISEQ

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

Swiss Mrt  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.83 times more return on investment than ISEQ. However, Swiss Mrt is 1.2 times less risky than ISEQ. It trades about 0.04 of its potential returns per unit of risk. ISEQ is currently generating about -0.15 per unit of risk. If you would invest  866,038  in Swiss Mrt on November 13, 2018 and sell it today you would earn a total of  15,432  from holding Swiss Mrt or generate 1.78% return on investment over 30 days.

Pair Corralation between Swiss Mrt and ISEQ

0.31
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy97.73%
ValuesDaily Returns

Diversification

Swiss Mrt diversification synergy

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
TGT - USA Stock
Target Corporation
Specialization
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange
$66.68

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 Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
Search macroaxis.com