Correlation Analysis Between Seoul Comp and Nasdaq

This module allows you to analyze existing cross correlation between Seoul Comp and Nasdaq. You can compare the effects of market volatilities on Seoul Comp and Nasdaq 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 Seoul Comp with a short position of Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and Nasdaq.
Horizon     30 Days    Login   to change
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Comparative Performance

Seoul Comp  vs.  Nasdaq

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Nasdaq on May 17, 2019 and sell it today you would earn a total of  100.00  from holding Nasdaq or generate -100.0% return on investment over 30 days.

Pair Corralation between Seoul Comp and Nasdaq

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Seoul Comp and Nasdaq

Seoul Comp diversification synergy

Pay attention

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