Correlation Analysis Between XU100 and DAX

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

XU100  vs.  DAX

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to under-perform the DAX. In addition to that, XU100 is 1.36 times more volatile than DAX. It trades about -0.15 of its total potential returns per unit of risk. DAX is currently generating about -0.1 per unit of volatility. If you would invest  1,301,055  in DAX on June 15, 2018 and sell it today you would lose (46,982)  from holding DAX or give up 3.61% of portfolio value over 30 days.

Pair Corralation between XU100 and DAX

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

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

Comparative Volatility

 Predicted Return Density 

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