Correlation Analysis Between IBEX 35 and EURONEXT BEL-20

This module allows you to analyze existing cross correlation between IBEX 35 and EURONEXT BEL-20. You can compare the effects of market volatilities on IBEX 35 and EURONEXT BEL-20 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 IBEX 35 with a short position of EURONEXT BEL-20. See also your portfolio center. Please also check ongoing floating volatility patterns of IBEX 35 and EURONEXT BEL-20.
Horizon     30 Days    Login   to change
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Comparative Performance

IBEX 35  vs.  EURONEXT BEL-20

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in EURONEXT BEL-20 on May 18, 2019 and sell it today you would earn a total of  100.00  from holding EURONEXT BEL-20 or generate -100.0% return on investment over 30 days.

Pair Corralation between IBEX 35 and EURONEXT BEL-20

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for IBEX 35 and EURONEXT BEL-20

IBEX 35 diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding IBEX 35 and EURONEXT BEL-20 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EURONEXT BEL-20 and IBEX 35 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 IBEX 35 are associated (or correlated) with EURONEXT BEL-20. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EURONEXT BEL-20 has no effect on the direction of IBEX 35 i.e. IBEX 35 and EURONEXT BEL-20 go up and down completely randomly.
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See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.


 
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