Correlation Analysis Between FTSE MIB and Stockholm

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

FTSE MIB  vs.  Stockholm

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, FTSE MIB is expected to under-perform the Stockholm. In addition to that, FTSE MIB is 112.94 times more volatile than Stockholm. It trades about -0.58 of its total potential returns per unit of risk. Stockholm is currently generating about -0.15 per unit of volatility. If you would invest  59,131  in Stockholm on May 20, 2018 and sell it today you would lose (1,426)  from holding Stockholm or give up 2.41% of portfolio value over 30 days.

Pair Corralation between FTSE MIB and Stockholm

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.