This module allows you to analyze existing cross correlation between Bursa Malaysia and OSE All. You can compare the effects of market volatilities on Bursa Malaysia and OSE All 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 OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and OSE All.
|Horizon||30 Days Login to change|
Predicted Return Density
Bursa Malaysia vs. OSE All
Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.59 times more return on investment than OSE All. However, Bursa Malaysia is 1.71 times less risky than OSE All. It trades about 0.06 of its potential returns per unit of risk. OSE All is currently generating about -0.18 per unit of risk. If you would invest 162,206 in Bursa Malaysia on May 19, 2019 and sell it today you would earn a total of 1,634 from holding Bursa Malaysia or generate 1.01% return on investment over 30 days.
Pair Corralation between Bursa Malaysia and OSE All
|Time Period||2 Months [change]|
Diversification Opportunities for Bursa Malaysia and OSE All
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All 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 OSE All. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OSE All has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and OSE All go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.