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This module allows you to analyze existing cross correlation between Bursa Malaysia and NQEGT. You can compare the effects of market volatilities on Bursa Malaysia and NQEGT 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 Bursa Malaysia with a short position of NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and NQEGT.
|Horizon||30 Days Login to change|
Predicted Return Density
Bursa Malaysia vs. NQEGT
Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 13.5 times less return on investment than NQEGT. But when comparing it to its historical volatility, Bursa Malaysia is 1.87 times less risky than NQEGT. It trades about 0.08 of its potential returns per unit of risk. NQEGT is currently generating about 0.58 of returns per unit of risk over similar time horizon. If you would invest 103,934 in NQEGT on January 21, 2019 and sell it today you would earn a total of 24,949 from holding NQEGT or generate 24.0% return on investment over 30 days.
Pair Corralation between Bursa Malaysia and NQEGT
|Time Period||2 Months [change]|
Diversification Opportunities for Bursa Malaysia and NQEGT
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and NQEGT in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQEGT and Bursa Malaysia 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 Bursa Malaysia are associated (or correlated) with NQEGT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NQEGT has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and NQEGT go up and down completely randomly.