Correlation Analysis Between Bursa Malaysia and NYSE

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

 Predicted Return Density 
      Returns 

Bursa Malaysia  vs.  NYSE

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 10.46 times less return on investment than NYSE. But when comparing it to its historical volatility, Bursa Malaysia is 2.89 times less risky than NYSE. It trades about 0.07 of its potential returns per unit of risk. NYSE is currently generating about 0.25 of returns per unit of risk over similar time horizon. If you would invest  1,103,684  in NYSE on January 20, 2019 and sell it today you would earn a total of  154,408  from holding NYSE or generate 13.99% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and NYSE

0.68
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy88.89%
ValuesDaily Returns

Diversification Opportunities for Bursa Malaysia and NYSE

Bursa Malaysia diversification synergy

Poor diversification

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