Correlation Analysis Between Shanghai and All Ords

This module allows you to analyze existing cross correlation between Shanghai and All Ords. You can compare the effects of market volatilities on Shanghai and All Ords 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 Shanghai with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of Shanghai and All Ords.
Horizon     30 Days    Login   to change

Shanghai  vs.  All Ords

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Shanghai is expected to under-perform the All Ords. In addition to that, Shanghai is 2.01 times more volatile than All Ords. It trades about -0.17 of its total potential returns per unit of risk. All Ords is currently generating about -0.22 per unit of volatility. If you would invest  629,500  in All Ords on September 19, 2018 and sell it today you would lose (25,220)  from holding All Ords or give up 4.01% of portfolio value over 30 days.

Pair Corralation between Shanghai and All Ords

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.