Correlation Analysis Between Straits Tms and Seoul Comp

This module allows you to analyze existing cross correlation between Straits Tms and Seoul Comp. You can compare the effects of market volatilities on Straits Tms and Seoul Comp 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 Straits Tms with a short position of Seoul Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Straits Tms and Seoul Comp.
Horizon     30 Days    Login   to change
Symbolsvs
Compare Efficiency

Comparative Performance

 Predicted Return Density 
      Returns 

Straits Tms  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Straits Tms is expected to generate 0.82 times more return on investment than Seoul Comp. However, Straits Tms is 1.22 times less risky than Seoul Comp. It trades about 0.01 of its potential returns per unit of risk. Seoul Comp is currently generating about -0.1 per unit of risk. If you would invest  307,110  in Straits Tms on November 16, 2018 and sell it today you would earn a total of  599.00  from holding Straits Tms or generate 0.2% return on investment over 30 days.

Pair Corralation between Straits Tms and Seoul Comp

-0.22
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy85.71%
ValuesDaily Returns

Diversification Opportunities for Straits Tms and Seoul Comp

Straits Tms diversification synergy

Very good diversification

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

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 Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.


 
Search macroaxis.com