Correlation Analysis Between Taiwan Wtd and Swiss Mrt

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

Taiwan Wtd  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to generate 0.86 times more return on investment than Swiss Mrt. However, Taiwan Wtd is 1.17 times less risky than Swiss Mrt. It trades about 0.01 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.16 per unit of risk. If you would invest  1,088,618  in Taiwan Wtd on May 23, 2018 and sell it today you would earn a total of  1,587  from holding Taiwan Wtd or generate 0.15% return on investment over 30 days.

Pair Corralation between Taiwan Wtd and Swiss Mrt

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy96.67%
ValuesDaily Returns

Diversification

Pay attention

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

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