Correlation Analysis Between Shanghai and BSE

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

Shanghai  vs.  BSE

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Shanghai is expected to generate 1.39 times less return on investment than BSE. In addition to that, Shanghai is 1.23 times more volatile than BSE. It trades about 0.05 of its total potential returns per unit of risk. BSE is currently generating about 0.09 per unit of volatility. If you would invest  3,473,751  in BSE on November 13, 2018 and sell it today you would earn a total of  119,213  from holding BSE or generate 3.43% return on investment over 30 days.

Pair Corralation between Shanghai and BSE

0.4
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy92.11%
ValuesDaily Returns

Diversification

Shanghai diversification synergy

Very weak diversification

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

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

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TGT - USA Stock
Target Corporation
Specialization
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange
$66.68

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