Correlation Analysis Between XU100 and Greece TR

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

XU100  vs.  Greece TR

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to generate 0.53 times more return on investment than Greece TR. However, XU100 is 1.89 times less risky than Greece TR. It trades about 0.33 of its potential returns per unit of risk. Greece TR is currently generating about -0.06 per unit of risk. If you would invest  8,873,476  in XU100 on August 27, 2018 and sell it today you would earn a total of  1,030,274  from holding XU100 or generate 11.61% return on investment over 30 days.

Pair Corralation between XU100 and Greece TR

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

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
$1166.09

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 Valuation module to check real value of public entities based on technical and fundamental data.


 
Search macroaxis.com