Correlation Analysis Between DAX and XU100

This module allows you to analyze existing cross correlation between DAX and XU100. You can compare the effects of market volatilities on DAX and XU100 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 DAX with a short position of XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of DAX and XU100.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

DAX  vs.  XU100

 Performance (%) 

Pair Volatility

If you would invest (100.00)  in XU100 on May 18, 2019 and sell it today you would earn a total of  100.00  from holding XU100 or generate -100.0% return on investment over 30 days.

Pair Corralation between DAX and XU100

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for DAX and XU100

DAX diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DAX and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 and DAX 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 DAX are associated (or correlated) with XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of DAX i.e. DAX and XU100 go up and down completely randomly.
See also your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.