Correlation Analysis Between NYSE and Greece TR

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

NYSE  vs.  Greece TR

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to under-perform the Greece TR. But the index apears to be less risky and, when comparing its historical volatility, NYSE is 1.41 times less risky than Greece TR. The index trades about -0.03 of its potential returns per unit of risk. The Greece TR is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest  42,308  in Greece TR on October 15, 2018 and sell it today you would lose (354.00)  from holding Greece TR or give up 0.84% of portfolio value over 30 days.

Pair Corralation between NYSE and Greece TR

Time Period1 Month [change]
ValuesDaily Returns


NYSE diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding NYSE and Greece TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Greece TR 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 Greece TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Greece TR has no effect on the direction of NYSE i.e. NYSE and Greece TR 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.