Correlation Analysis Between XU100 and AEX Amsterdam

This module allows you to analyze existing cross correlation between XU100 and AEX Amsterdam. You can compare the effects of market volatilities on XU100 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 XU100 with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of XU100 and AEX Amsterdam.
Horizon     30 Days    Login   to change
Symbolsvs

XU100  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to generate 1.54 times more return on investment than AEX Amsterdam. However, XU100 is 1.54 times more volatile than AEX Amsterdam. It trades about -0.06 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.17 per unit of risk. If you would invest  9,798,816  in XU100 on September 21, 2018 and sell it today you would lose (253,298)  from holding XU100 or give up 2.58% of portfolio value over 30 days.

Pair Corralation between XU100 and AEX Amsterdam

0.47
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.45%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding XU100 and AEX Amsterdam in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on AEX Amsterdam and XU100 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 XU100 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 XU100 i.e. XU100 and AEX Amsterdam go up and down completely randomly.
    Optimize

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1096.46

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
Search macroaxis.com