Correlation Analysis Between AEX Amsterdam and BSE

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
Symbolsvs
Compare Efficiency

Comparative Performance

 Predicted Return Density 
      Returns 

AEX Amsterdam  vs.  BSE

 Performance (%) 
      Timeline 

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 Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy78.38%
ValuesDaily Returns

Diversification Opportunities for AEX Amsterdam and BSE

AEX Amsterdam diversification synergy

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.
    Optimize

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 Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.


 
Search macroaxis.com