Pair Correlation 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
 Swiss Mrt  vs   Stockholm
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to under-perform the Stockholm. But the index apears to be less risky and, when comparing its historical volatility, Swiss Mrt is 1.11 times less risky than Stockholm. The index trades about -0.25 of its potential returns per unit of risk. The Stockholm is currently generating about -0.17 of returns per unit of risk over similar time horizon. If you would invest  59,063  in Stockholm on January 19, 2018 and sell it today you would lose (2,422)  from holding Stockholm or give up 4.1% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Swiss Mrt and Stockholm


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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.

Comparative Volatility

 Predicted Return Density