Correlation Analysis Between XU100 and Swiss Mrt

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

XU100  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to generate 2.48 times more return on investment than Swiss Mrt. However, XU100 is 2.48 times more volatile than Swiss Mrt. It trades about 0.32 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.09 per unit of risk. If you would invest  8,873,476  in XU100 on August 25, 2018 and sell it today you would earn a total of  925,340  from holding XU100 or generate 10.43% return on investment over 30 days.

Pair Corralation between XU100 and Swiss Mrt

-0.17
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

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 Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.


 
Search macroaxis.com