This module allows you to analyze existing cross correlation between Shanghai and Jakarta Comp. You can compare the effects of market volatilities on Shanghai and Jakarta Comp 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 Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Shanghai and Jakarta Comp.
|Time Horizon||30 Days Login to change|
Shanghai vs. Jakarta Comp
Assuming 30 trading days horizon, Shanghai is expected to under-perform the Jakarta Comp. But the index apears to be less risky and, when comparing its historical volatility, Shanghai is 1.03 times less risky than Jakarta Comp. The index trades about -0.28 of its potential returns per unit of risk. The Jakarta Comp is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 575,070 in Jakarta Comp on May 20, 2018 and sell it today you would earn a total of 24,293 from holding Jakarta Comp or generate 4.22% return on investment over 30 days.