Correlation Analysis Between XU100 and DOW

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

XU100  vs.  DOW

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to under-perform the DOW. In addition to that, XU100 is 2.9 times more volatile than DOW. It trades about -0.03 of its total potential returns per unit of risk. DOW is currently generating about 0.15 per unit of volatility. If you would invest  2,446,170  in DOW on June 21, 2018 and sell it today you would earn a total of  59,642  from holding DOW or generate 2.44% return on investment over 30 days.

Pair Corralation between XU100 and DOW

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding XU100 and DOW in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DOW 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 DOW. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DOW has no effect on the direction of XU100 i.e. XU100 and DOW go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.