Correlation Analysis Between ISEQ and Hang Seng

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

ISEQ  vs.  Hang Seng

 Performance (%) 
      Timeline 

Pair Volatility

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

Pair Corralation between ISEQ and Hang Seng

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

Diversification Opportunities for ISEQ and Hang Seng

ISEQ diversification synergy

Pay attention

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