Correlation Analysis Between XU100 and Stockholm

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

XU100  vs.  Stockholm

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to generate 1.79 times more return on investment than Stockholm. However, XU100 is 1.79 times more volatile than Stockholm. It trades about 0.33 of its potential returns per unit of risk. Stockholm is currently generating about 0.04 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 Stockholm

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.