Correlation Analysis Between SPTSX Comp and Swiss Mrt

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

SPTSX Comp  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  963,507  in Swiss Mrt on May 19, 2019 and sell it today you would earn a total of  21,254  from holding Swiss Mrt or generate 2.21% return on investment over 30 days.

Pair Corralation between SPTSX Comp and Swiss Mrt

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for SPTSX Comp and Swiss Mrt

SPTSX Comp diversification synergy

Pay attention

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