Correlation Analysis Between Swiss Mrt and Madrid Gnrl

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

Swiss Mrt  vs.  Madrid Gnrl

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 1.1 times more return on investment than Madrid Gnrl. However, Swiss Mrt is 1.1 times more volatile than Madrid Gnrl. It trades about 0.18 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.03 per unit of risk. If you would invest  855,751  in Swiss Mrt on June 20, 2018 and sell it today you would earn a total of  37,646  from holding Swiss Mrt or generate 4.4% return on investment over 30 days.

Pair Corralation between Swiss Mrt and Madrid Gnrl

-0.02
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy73.33%
ValuesDaily Returns

Diversification

Good diversification

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

 Predicted Return Density 
      Returns 

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