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This module allows you to analyze existing cross correlation between Bursa Malaysia and Stockholm. You can compare the effects of market volatilities on Bursa Malaysia and Stockholm 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 Stockholm. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and Stockholm.
|Horizon||30 Days Login to change|
Predicted Return Density
Bursa Malaysia vs. Stockholm
Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 9.11 times less return on investment than Stockholm. But when comparing it to its historical volatility, Bursa Malaysia is 1.88 times less risky than Stockholm. It trades about 0.07 of its potential returns per unit of risk. Stockholm is currently generating about 0.33 of returns per unit of risk over similar time horizon. If you would invest 52,530 in Stockholm on January 20, 2019 and sell it today you would earn a total of 6,455 from holding Stockholm or generate 12.29% return on investment over 30 days.
Pair Corralation between Bursa Malaysia and Stockholm
|Time Period||2 Months [change]|
Diversification Opportunities for Bursa Malaysia and Stockholm
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and Stockholm in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stockholm 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 Stockholm. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stockholm has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and Stockholm go up and down completely randomly.