Correlation Analysis Between Taiwan Wtd and NYSE

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

Taiwan Wtd  vs.  NYSE

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to generate 0.97 times more return on investment than NYSE. However, Taiwan Wtd is 1.03 times less risky than NYSE. It trades about -0.01 of its potential returns per unit of risk. NYSE is currently generating about -0.08 per unit of risk. If you would invest  990,112  in Taiwan Wtd on November 13, 2018 and sell it today you would lose (4,236)  from holding Taiwan Wtd or give up 0.43% of portfolio value over 30 days.

Pair Corralation between Taiwan Wtd and NYSE

Time Period2 Months [change]
ValuesDaily Returns


Taiwan Wtd diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.