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This module allows you to analyze existing cross correlation between Bursa Malaysia and Madrid Gnrl. You can compare the effects of market volatilities on Bursa Malaysia and Madrid Gnrl 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 Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and Madrid Gnrl.
|Horizon||30 Days Login to change|
Predicted Return Density
Bursa Malaysia vs. Madrid Gnrl
Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 5.6 times less return on investment than Madrid Gnrl. But when comparing it to its historical volatility, Bursa Malaysia is 1.95 times less risky than Madrid Gnrl. It trades about 0.07 of its potential returns per unit of risk. Madrid Gnrl is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 86,278 in Madrid Gnrl on January 20, 2019 and sell it today you would earn a total of 6,113 from holding Madrid Gnrl or generate 7.09% return on investment over 30 days.
Pair Corralation between Bursa Malaysia and Madrid Gnrl
|Time Period||2 Months [change]|
Diversification Opportunities for Bursa Malaysia and Madrid Gnrl
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl 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 Madrid Gnrl. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madrid Gnrl has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and Madrid Gnrl go up and down completely randomly.