Pair Correlation Between ETFS Bloomberg and United States

This module allows you to analyze existing cross correlation between ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free and United States Oil. You can compare the effects of market volatilities on ETFS Bloomberg and United States 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 ETFS Bloomberg with a short position of United States. See also your portfolio center. Please also check ongoing floating volatility patterns of ETFS Bloomberg and United States.
Investment Horizon     30 Days    Login   to change
 ETFS Bloomberg Energy Commodit  vs   United States Oil
 Performance (%) 

Pair Volatility

If you would invest  1,138  in United States Oil on November 12, 2017 and sell it today you would earn a total of  6  from holding United States Oil or generate 0.53% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between ETFS Bloomberg and United States


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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

Comparative Volatility

 Predicted Return Density