Correlation Analysis Between Nasdaq and Swiss Mrt

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

Nasdaq  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to under-perform the Swiss Mrt. In addition to that, Nasdaq is 1.48 times more volatile than Swiss Mrt. It trades about -0.06 of its total potential returns per unit of risk. Swiss Mrt is currently generating about 0.05 per unit of volatility. If you would invest  866,038  in Swiss Mrt on November 13, 2018 and sell it today you would earn a total of  19,646  from holding Swiss Mrt or generate 2.27% return on investment over 30 days.

Pair Corralation between Nasdaq and Swiss Mrt

0.18
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy97.62%
ValuesDaily Returns

Diversification

Nasdaq diversification synergy

Average diversification

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

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1060.75

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