Correlation Analysis Between Swiss Mrt and Stockholm

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

Swiss Mrt  vs.  Stockholm

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.22 times more return on investment than Stockholm. However, Swiss Mrt is 4.6 times less risky than Stockholm. It trades about -0.71 of its potential returns per unit of risk. Stockholm is currently generating about -0.2 per unit of risk. If you would invest  855,751  in Swiss Mrt on May 22, 2018 and sell it today you would lose (1,356)  from holding Swiss Mrt or give up 0.16% of portfolio value over 30 days.

Pair Corralation between Swiss Mrt and Stockholm

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy6.45%
ValuesDaily Returns

Diversification

Pay attention

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

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