Correlation Analysis Between Ford Motor and Israel Index

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

 Predicted Return Density 

Ford Motor Company  vs.  Israel Index

 Performance (%) 

Pair Volatility

Taking into account the 30 trading days horizon, Ford Motor Company is expected to under-perform the Israel Index. In addition to that, Ford Motor is 1.69 times more volatile than Israel Index. It trades about -0.03 of its total potential returns per unit of risk. Israel Index is currently generating about 0.1 per unit of volatility. If you would invest  100,580  in Israel Index on November 10, 2019 and sell it today you would earn a total of  7,780  from holding Israel Index or generate 7.74% return on investment over 30 days.

Pair Corralation between Ford Motor and Israel Index

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Ford Motor and Israel Index

Ford Motor Company diversification synergy

Pay attention

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