Correlation Analysis Between XU100 and Taiwan Wtd

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

XU100  vs.  Taiwan Wtd

 Performance (%) 

Pair Volatility

If you would invest  1,080,935  in Taiwan Wtd on August 26, 2018 and sell it today you would earn a total of  16,950  from holding Taiwan Wtd or generate 1.57% return on investment over 30 days.

Pair Corralation between XU100 and Taiwan Wtd

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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