Correlation Analysis Between XU100 and Russell 2000

This module allows you to analyze existing cross correlation between XU100 and Russell 2000 . You can compare the effects of market volatilities on XU100 and Russell 2000 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 Russell 2000. See also your portfolio center. Please also check ongoing floating volatility patterns of XU100 and Russell 2000.
Horizon     30 Days    Login   to change
Symbolsvs

XU100  vs.  Russell 2000

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  170,881  in Russell 2000 on August 26, 2018 and sell it today you would earn a total of  0.00  from holding Russell 2000 or generate 0.0% return on investment over 30 days.

Pair Corralation between XU100 and Russell 2000

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 Russell 2000 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russell 2000 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 Russell 2000. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russell 2000 has no effect on the direction of XU100 i.e. XU100 and Russell 2000 go up and down completely randomly.
    Optimize

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
FSM - USA Stock
Fortuna Silver Mines
Fama & French Precious Metals
Precious Metals
Fama & French Classification
LocationBRITISH COLUMBIA CANADA
ExchangeBATS Exchange
$4.37

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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.


 
Search macroaxis.com