Correlation Analysis Between Taiwan Wtd and Jakarta Comp

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

Taiwan Wtd  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  583,293  in Jakarta Comp on September 17, 2018 and sell it today you would lose (197.00)  from holding Jakarta Comp or give up 0.03% of portfolio value over 30 days.

Pair Corralation between Taiwan Wtd and Jakarta Comp

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1115.69

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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
Search macroaxis.com