Correlation Analysis Between Bursa Malaysia and Russia TR

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

 Predicted Return Density 

Bursa Malaysia  vs.  Russia TR

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 2.19 times less return on investment than Russia TR. But when comparing it to its historical volatility, Bursa Malaysia is 1.54 times less risky than Russia TR. It trades about 0.07 of its potential returns per unit of risk. Russia TR is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest  133,314  in Russia TR on May 18, 2019 and sell it today you would earn a total of  3,800  from holding Russia TR or generate 2.85% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and Russia TR

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Bursa Malaysia and Russia TR

Bursa Malaysia diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and Russia TR go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..