Pair Correlation Between Swiss Mrt and MerVal

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

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.43 times more return on investment than MerVal. However, Swiss Mrt is 2.33 times less risky than MerVal. It trades about -0.27 of its potential returns per unit of risk. MerVal is currently generating about -0.12 per unit of risk. If you would invest  954,757  in Swiss Mrt on January 24, 2018 and sell it today you would lose (59,938)  from holding Swiss Mrt or give up 6.28% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Swiss Mrt and MerVal


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density