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|
IBEX 35 vs. EURONEXT BEL-20
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
|Time Period||2 Months [change]|
Diversification Opportunities for IBEX 35 and EURONEXT BEL-20
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.
See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.