This module allows you to analyze existing cross correlation between FTSE MIB and Madrid Gnrl. You can compare the effects of market volatilities on FTSE MIB and Madrid Gnrl 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 Madrid Gnrl. See also your portfolio center
. Please also check ongoing floating volatility patterns of FTSE MIB
and Madrid Gnrl
FTSE MIB vs Madrid Gnrl
If you would invest 2,320,266 in FTSE MIB on February 22, 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.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding FTSE MIB and Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl 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 Madrid Gnrl. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madrid Gnrl has no effect on the direction of FTSE MIB i.e. FTSE MIB and Madrid Gnrl go up and down completely randomly.