Pair Correlation Between Shanghai and Bursa Malaysia

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

Shanghai  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Shanghai is expected to under-perform the Bursa Malaysia. In addition to that, Shanghai is 2.05 times more volatile than Bursa Malaysia. It trades about -0.07 of its total potential returns per unit of risk. Bursa Malaysia is currently generating about 0.05 per unit of volatility. If you would invest  186,008  in Bursa Malaysia on March 26, 2018 and sell it today you would earn a total of  2,028  from holding Bursa Malaysia or generate 1.09% return on investment over 30 days.

Pair Corralation between Shanghai and Bursa Malaysia

-0.43
Time Period2 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy73.21%
ValuesDaily Returns

Diversification

Very good diversification

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

 Predicted Return Density 
      Returns 

My Equities

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GOOG - USA Stock
Alphabet
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IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1072.96

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