Correlation Analysis Between All Ords and Stockholm

This module allows you to analyze existing cross correlation between All Ords and Stockholm. You can compare the effects of market volatilities on All Ords and Stockholm 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 All Ords with a short position of Stockholm. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and Stockholm.
Horizon     30 Days    Login   to change
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Comparative Performance

All Ords  vs.  Stockholm

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Stockholm on May 25, 2019 and sell it today you would earn a total of  61,734  from holding Stockholm or generate 9.223372036854776E16% return on investment over 30 days.

Pair Corralation between All Ords and Stockholm

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.19%
ValuesDaily Returns

Diversification Opportunities for All Ords and Stockholm

All Ords diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding All Ords and Stockholm in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stockholm and All Ords 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 All Ords are associated (or correlated) with Stockholm. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stockholm has no effect on the direction of All Ords i.e. All Ords and Stockholm go up and down completely randomly.
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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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