- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Jakarta Comp and NASDAQ UK. You can compare the effects of market volatilities on Jakarta Comp and NASDAQ UK 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 Jakarta Comp with a short position of NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of Jakarta Comp and NASDAQ UK.
|Horizon||30 Days Login to change|
Predicted Return Density
Jakarta Comp vs. NASDAQ UK
Assuming 30 trading days horizon, Jakarta Comp is expected to generate 1.88 times less return on investment than NASDAQ UK. But when comparing it to its historical volatility, Jakarta Comp is 1.94 times less risky than NASDAQ UK. It trades about 0.32 of its potential returns per unit of risk. NASDAQ UK is currently generating about 0.31 of returns per unit of risk over similar time horizon. If you would invest 92,052 in NASDAQ UK on January 21, 2019 and sell it today you would earn a total of 10,564 from holding NASDAQ UK or generate 11.48% return on investment over 30 days.
Pair Corralation between Jakarta Comp and NASDAQ UK
|Time Period||2 Months [change]|
Diversification Opportunities for Jakarta Comp and NASDAQ UK
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Comp and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK and Jakarta Comp 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 Jakarta Comp are associated (or correlated) with NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of Jakarta Comp i.e. Jakarta Comp and NASDAQ UK go up and down completely randomly.