Correlation Analysis Between DOW and ISEQ

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

DOW  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 3.59 times more return on investment than ISEQ. However, DOW is 3.59 times more volatile than ISEQ. It trades about 0.01 of its potential returns per unit of risk. ISEQ is currently generating about -0.09 per unit of risk. If you would invest  2,470,021  in DOW on May 21, 2018 and sell it today you would lose (0.09)  from holding DOW or give up 0.0% of portfolio value over 30 days.

Pair Corralation between DOW and ISEQ

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy5.63%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DOW and ISEQ in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ISEQ and DOW 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 DOW are associated (or correlated) with ISEQ. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ISEQ has no effect on the direction of DOW i.e. DOW and ISEQ go up and down completely randomly.
    Optimize

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1169.84

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 Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.