Correlation Analysis Between Taiwan Wtd and All Ords

This module allows you to analyze existing cross correlation between Taiwan Wtd and All Ords. You can compare the effects of market volatilities on Taiwan Wtd and All Ords 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 Taiwan Wtd with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of Taiwan Wtd and All Ords.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Taiwan Wtd  vs.  All Ords

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to generate 17.19 times less return on investment than All Ords. In addition to that, Taiwan Wtd is 1.48 times more volatile than All Ords. It trades about 0.01 of its total potential returns per unit of risk. All Ords is currently generating about 0.13 per unit of volatility. If you would invest  627,460  in All Ords on June 20, 2018 and sell it today you would earn a total of  10,280  from holding All Ords or generate 1.64% return on investment over 30 days.

Pair Corralation between Taiwan Wtd and All Ords

1.0
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

No risk reduction

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.2

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 Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.


 
vendors/bower_components/jquery.easy-pie-chart/dist/jquery.easypiechart.min.js">