Correlation Analysis Between AEX Amsterdam and BSE |
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This module allows you to analyze existing cross correlation between AEX Amsterdam and BSE. You can compare the effects of market volatilities on AEX Amsterdam and BSE 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 AEX Amsterdam with a short position of BSE. See also your portfolio center. Please also check ongoing floating volatility patterns of AEX Amsterdam and BSE.
| Horizon | 30 Days Login to change |
| Symbols | vs |
Comparative Performance
AEX Amsterdam vs. BSE
Pair Volatility
Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 0.89 times more return on investment than BSE. However, AEX Amsterdam is 1.13 times less risky than BSE. It trades about 0.33 of its potential returns per unit of risk. BSE is currently generating about -0.05 per unit of risk. If you would invest 48,267 in AEX Amsterdam on January 20, 2019 and sell it today you would earn a total of 5,540 from holding AEX Amsterdam or generate 11.48% return on investment over 30 days.
Pair Corralation between AEX Amsterdam and BSE
0.56
| Time Period | 2 Months [change] |
| Direction | Positive |
| Strength | Weak |
| Accuracy | 78.38% |
| Values | Daily Returns |
Diversification Opportunities for AEX Amsterdam and BSE
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding AEX Amsterdam and BSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BSE and AEX Amsterdam 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 AEX Amsterdam are associated (or correlated) with BSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BSE has no effect on the direction of AEX Amsterdam i.e. AEX Amsterdam and BSE go up and down completely randomly.
Thematic Opportunities
Explore Investment Opportunities
AEX Amsterdam
Pair trading matchups for AEX Amsterdam
BSE
Pair trading matchups for BSE
See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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