Correlation Analysis Between Seoul Comp and XU100

This module allows you to analyze existing cross correlation between Seoul Comp and XU100. You can compare the effects of market volatilities on Seoul Comp and XU100 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 XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and XU100.
Horizon     30 Days    Login   to change
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Comparative Performance

Seoul Comp  vs.  XU100

 Performance (%) 

Pair Volatility

If you would invest (100.00)  in XU100 on May 18, 2019 and sell it today you would earn a total of  100.00  from holding XU100 or generate -100.0% return on investment over 30 days.

Pair Corralation between Seoul Comp and XU100

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Seoul Comp and XU100

Seoul Comp diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Seoul Comp and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 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 XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Seoul Comp i.e. Seoul Comp and XU100 go up and down completely randomly.
See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.