This module allows you to analyze existing cross correlation between NYSE and Bursa Malaysia. You can compare the effects of market volatilities on NYSE and Bursa Malaysia 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 Bursa Malaysia. See also your portfolio center
. Please also check ongoing floating volatility patterns of NYSE
and Bursa Malaysia
NYSE vs. Bursa Malaysia
Given the investment horizon of 30 days, NYSE is expected to generate 0.67 times more return on investment than Bursa Malaysia. However, NYSE is 1.49 times less risky than Bursa Malaysia. It trades about 0.03 of its potential returns per unit of risk. Bursa Malaysia is currently generating about -0.05 per unit of risk. If you would invest 1,270,863 in NYSE on June 17, 2018 and sell it today you would earn a total of 4,015 from holding NYSE or generate 0.32% return on investment over 30 days.
Pair Corralation between NYSE and Bursa Malaysia
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding NYSE and Bursa Malaysia in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bursa Malaysia 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 Bursa Malaysia. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bursa Malaysia has no effect on the direction of NYSE i.e. NYSE and Bursa Malaysia go up and down completely randomly.
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