Correlation Analysis Between Taiwan Wtd and XU100

This module allows you to analyze existing cross correlation between Taiwan Wtd and XU100. You can compare the effects of market volatilities on Taiwan Wtd and XU100 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 XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Taiwan Wtd and XU100.
Horizon     30 Days    Login   to change

Taiwan Wtd  vs.  XU100

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to generate 0.58 times more return on investment than XU100. However, Taiwan Wtd is 1.74 times less risky than XU100. It trades about -0.01 of its potential returns per unit of risk. XU100 is currently generating about -0.11 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 XU100

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


Taiwan Wtd diversification synergy

Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Wtd and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 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 XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Taiwan Wtd i.e. Taiwan Wtd and XU100 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
TGT - USA Stock
Target Corporation
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange

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 Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.