Pair Correlation Between Taiwan Wtd and FTSE MIB

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

Pair Volatility

If you would invest  1,071,444  in Taiwan Wtd on February 17, 2018 and sell it today you would earn a total of  31,326  from holding Taiwan Wtd or generate 2.92% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Taiwan Wtd and FTSE MIB


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density