This module allows you to analyze existing cross correlation between Shanghai and Greece TR. You can compare the effects of market volatilities on Shanghai and Greece TR 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 Greece TR. See also your portfolio center. Please also check ongoing floating volatility patterns of Shanghai and Greece TR.
Assuming 30 trading days horizon, Shanghai is expected to generate 0.47 times more return on investment than Greece TR. However, Shanghai is 2.12 times less risky than Greece TR. It trades about 0.04 of its potential returns per unit of risk. Greece TR is currently generating about -0.32 per unit of risk. If you would invest 312,893 in Shanghai on April 24, 2018 and sell it today you would earn a total of 2,572 from holding Shanghai or generate 0.82% return on investment over 30 days.
Overlapping area represents the amount of risk that can be diversified away by holding Shanghai and Greece TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Greece TR 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 Greece TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Greece TR has no effect on the direction of Shanghai i.e. Shanghai and Greece TR go up and down completely randomly.
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.
See also your portfolio center. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.