Correlation Analysis Between XU100 and Israel Index

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

XU100  vs.  Israel Index

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to under-perform the Israel Index. In addition to that, XU100 is 2.52 times more volatile than Israel Index. It trades about -0.15 of its total potential returns per unit of risk. Israel Index is currently generating about 0.03 per unit of volatility. If you would invest  107,625  in Israel Index on May 21, 2018 and sell it today you would earn a total of  548.84  from holding Israel Index or generate 0.51% return on investment over 30 days.

Pair Corralation between XU100 and Israel Index

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 Israel Index in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Israel Index 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 Israel Index. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Israel Index has no effect on the direction of XU100 i.e. XU100 and Israel Index go up and down completely randomly.
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Comparative Volatility

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See also your portfolio center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.