This module allows you to analyze existing cross correlation between ATX and All Ords. You can compare the effects of market volatilities on ATX and All Ords 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 ATX with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of ATX and All Ords.
|Horizon||30 Days Login to change|
ATX vs. All Ords
If you would invest 676,790 in All Ords on May 25, 2019 and sell it today you would earn a total of 0.00 from holding All Ords or generate 0.0% return on investment over 30 days.
Pair Corralation between ATX and All Ords
|Time Period||2 Months [change]|
Diversification Opportunities for ATX and All Ords
Overlapping area represents the amount of risk that can be diversified away by holding ATX and All Ords in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on All Ords and ATX 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 ATX are associated (or correlated) with All Ords. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of All Ords has no effect on the direction of ATX i.e. ATX and All Ords go up and down completely randomly.
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.