This module allows you to analyze existing cross correlation between Hang Seng and All Ords. You can compare the effects of market volatilities on Hang Seng and All Ords 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 Hang Seng with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and All Ords.
|Horizon||30 Days Login to change|
Hang Seng vs. All Ords
Given the investment horizon of 30 days, Hang Seng is expected to under-perform the All Ords. In addition to that, Hang Seng is 1.47 times more volatile than All Ords. It trades about -0.27 of its total potential returns per unit of risk. All Ords is currently generating about 0.18 per unit of volatility. If you would invest 634,990 in All Ords on May 18, 2019 and sell it today you would earn a total of 28,370 from holding All Ords or generate 4.47% return on investment over 30 days.
Pair Corralation between Hang Seng and All Ords
|Time Period||2 Months [change]|
Diversification Opportunities for Hang Seng and All Ords
Overlapping area represents the amount of risk that can be diversified away by holding Hang Seng and All Ords in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on All Ords and Hang Seng 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 Hang Seng are associated (or correlated) with All Ords. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of All Ords has no effect on the direction of Hang Seng i.e. Hang Seng and All Ords go up and down completely randomly.
See also your portfolio center. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.