Correlation Analysis Between Nasdaq and AEX Amsterdam

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

Nasdaq  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to generate 0.14 times more return on investment than AEX Amsterdam. However, Nasdaq is 7.03 times less risky than AEX Amsterdam. It trades about 0.03 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.16 per unit of risk. If you would invest  778,151  in Nasdaq on June 20, 2018 and sell it today you would earn a total of  4,379  from holding Nasdaq or generate 0.56% return on investment over 30 days.

Pair Corralation between Nasdaq and AEX Amsterdam

0.71
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

 Predicted Return Density 
      Returns 

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ExchangeNASDAQ
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