Correlation Analysis Between Taiwan Wtd and Stockholm

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

Taiwan Wtd  vs.  Stockholm

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to under-perform the Stockholm. But the index apears to be less risky and, when comparing its historical volatility, Taiwan Wtd is 1.04 times less risky than Stockholm. The index trades about -0.11 of its potential returns per unit of risk. The Stockholm is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest  57,952  in Stockholm on June 15, 2018 and sell it today you would lose (259.00)  from holding Stockholm or give up 0.45% of portfolio value over 30 days.

Pair Corralation between Taiwan Wtd and Stockholm

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 Stockholm in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stockholm 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 Stockholm. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stockholm has no effect on the direction of Taiwan Wtd i.e. Taiwan Wtd and Stockholm go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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