Correlation Analysis Between NYSE and SPTSX Comp

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

NYSE  vs.  SPTSX Comp

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to generate 1.35 times more return on investment than SPTSX Comp. However, NYSE is 1.35 times more volatile than SPTSX Comp. It trades about -0.1 of its potential returns per unit of risk. SPTSX Comp is currently generating about -0.13 per unit of risk. If you would invest  1,243,942  in NYSE on November 12, 2018 and sell it today you would lose (57,877)  from holding NYSE or give up 4.65% of portfolio value over 30 days.

Pair Corralation between NYSE and SPTSX Comp

Time Period2 Months [change]
ValuesDaily Returns


NYSE diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.