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

Bursa Malaysia  vs.  NYSE

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.71 times more return on investment than NYSE. However, Bursa Malaysia is 1.4 times less risky than NYSE. It trades about 0.11 of its potential returns per unit of risk. NYSE is currently generating about -0.04 per unit of risk. If you would invest  162,206  in Bursa Malaysia on May 20, 2019 and sell it today you would earn a total of  3,070  from holding Bursa Malaysia or generate 1.89% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and NYSE

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Bursa Malaysia and NYSE

Bursa Malaysia diversification synergy

Pay attention

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.
See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.