Correlation Analysis Between BSE and Israel Index

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

Comparative Performance

BSE  vs.  Israel Index

 Performance (%) 

Pair Volatility

If you would invest (100.00)  in BSE on May 18, 2019 and sell it today you would earn a total of  100.00  from holding BSE or generate -100.0% return on investment over 30 days.

Pair Corralation between BSE and Israel Index

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for BSE and Israel Index

BSE diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BSE and Israel Index in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Israel Index and BSE 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 BSE 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 BSE i.e. BSE and Israel Index go up and down completely randomly.
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.