Correlation Analysis Between Ford Motor and ISEQ

This module allows you to analyze existing cross correlation between Ford Motor Company and ISEQ. You can compare the effects of market volatilities on Ford Motor and ISEQ 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 Ford Motor with a short position of ISEQ. See also your portfolio center. Please also check ongoing floating volatility patterns of Ford Motor and ISEQ.
Horizon     30 Days    Login   to change
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Comparative Performance

 Predicted Return Density 
      Returns 

Ford Motor Company  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Ford Motor Company is expected to under-perform the ISEQ. In addition to that, Ford Motor is 1.14 times more volatile than ISEQ. It trades about -0.02 of its total potential returns per unit of risk. ISEQ is currently generating about 0.18 per unit of volatility. If you would invest  581,352  in ISEQ on October 16, 2019 and sell it today you would earn a total of  99,640  from holding ISEQ or generate 17.14% return on investment over 30 days.

Pair Corralation between Ford Motor and ISEQ

-0.18
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for Ford Motor and ISEQ

Ford Motor Company diversification synergy

Good diversification

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