This module allows you to analyze existing cross correlation between EURONEXT BEL-20 and Israel Index. You can compare the effects of market volatilities on EURONEXT BEL-20 and Israel Index 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 EURONEXT BEL-20 with a short position of Israel Index. See also your portfolio center. Please also check ongoing floating volatility patterns of EURONEXT BEL-20 and Israel Index.
|Horizon||30 Days Login to change|
EURONEXT BEL-20 vs. Israel Index
If you would invest (100.00) in EURONEXT BEL-20 on May 19, 2019 and sell it today you would earn a total of 100.00 from holding EURONEXT BEL-20 or generate -100.0% return on investment over 30 days.
Pair Corralation between EURONEXT BEL-20 and Israel Index
|Time Period||2 Months [change]|
Diversification Opportunities for EURONEXT BEL-20 and Israel Index
Overlapping area represents the amount of risk that can be diversified away by holding EURONEXT BEL-20 and Israel Index in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Israel Index and EURONEXT BEL-20 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 EURONEXT BEL-20 are associated (or correlated) with Israel Index. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Israel Index has no effect on the direction of EURONEXT BEL-20 i.e. EURONEXT BEL-20 and Israel Index go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.