Correlation Analysis Between DOW and Bursa Malaysia

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

DOW  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 2.18 times more return on investment than Bursa Malaysia. However, DOW is 2.18 times more volatile than Bursa Malaysia. It trades about -0.03 of its potential returns per unit of risk. Bursa Malaysia is currently generating about -0.19 per unit of risk. If you would invest  2,533,999  in DOW on October 15, 2018 and sell it today you would lose (25,949)  from holding DOW or give up 1.02% of portfolio value over 30 days.

Pair Corralation between DOW and Bursa Malaysia

0.56
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.65%
ValuesDaily Returns

Diversification

DOW diversification synergy

Very weak diversification

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

 Predicted Return Density 
      Returns 

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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1052.96

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