Pair Correlation Between FTSE MIB and NYSE

This module allows you to analyze existing cross correlation between FTSE MIB and NYSE. You can compare the effects of market volatilities on FTSE MIB and NYSE 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 FTSE MIB with a short position of NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of FTSE MIB and NYSE.
 Time Horizon     30 Days    Login   to change
 Performance (%) 

Pair Volatility

If you would invest  2,320,266  in FTSE MIB on February 17, 2018 and sell it today you would earn a total of  0.00  from holding FTSE MIB or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between FTSE MIB and NYSE


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density