Correlation Analysis Between RIOCAN REAL and AEX Amsterdam

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

 Predicted Return Density 
      Returns 

RIOCAN REAL EST UN  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, RIOCAN REAL is expected to generate 4.02 times less return on investment than AEX Amsterdam. But when comparing it to its historical volatility, RIOCAN REAL EST UN is 13.06 times less risky than AEX Amsterdam. It trades about 0.04 of its potential returns per unit of risk. AEX Amsterdam is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest  79,198  in AEX Amsterdam on October 22, 2019 and sell it today you would lose (20,174)  from holding AEX Amsterdam or give up 25.47% of portfolio value over 30 days.

Pair Corralation between RIOCAN REAL and AEX Amsterdam

0.18
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for RIOCAN REAL and AEX Amsterdam

RIOCAN REAL EST UN diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding RIOCAN REAL EST UN and AEX Amsterdam in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on AEX Amsterdam and RIOCAN REAL 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 RIOCAN REAL EST UN are associated (or correlated) with AEX Amsterdam. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AEX Amsterdam has no effect on the direction of RIOCAN REAL i.e. RIOCAN REAL and AEX Amsterdam go up and down completely randomly.
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See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.


 
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