Correlation Analysis Between Nasdaq and Bursa Malaysia

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

Nasdaq  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to generate 1.62 times more return on investment than Bursa Malaysia. However, Nasdaq is 1.62 times more volatile than Bursa Malaysia. It trades about 0.09 of its potential returns per unit of risk. Bursa Malaysia is currently generating about -0.1 per unit of risk. If you would invest  787,846  in Nasdaq on August 27, 2018 and sell it today you would earn a total of  12,901  from holding Nasdaq or generate 1.64% return on investment over 30 days.

Pair Corralation between Nasdaq and Bursa Malaysia

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy78.26%
ValuesDaily Returns

Diversification

Pay attention

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

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