Correlation Analysis Between Taiwan Wtd and DAX

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

Taiwan Wtd  vs.  DAX

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to generate 0.5 times more return on investment than DAX. However, Taiwan Wtd is 2.02 times less risky than DAX. It trades about 0.02 of its potential returns per unit of risk. DAX is currently generating about 0.0 per unit of risk. If you would invest  1,089,928  in Taiwan Wtd on June 22, 2018 and sell it today you would earn a total of  3,283  from holding Taiwan Wtd or generate 0.3% return on investment over 30 days.

Pair Corralation between Taiwan Wtd and DAX

Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 

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