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|
SPTSX Comp vs. Swiss Mrt
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
|Time Period||2 Months [change]|
Diversification Opportunities for SPTSX Comp and Swiss Mrt
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.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.