Pair Correlation Between NYSE and Straits Tms

This module allows you to analyze existing cross correlation between NYSE and Straits Tms. You can compare the effects of market volatilities on NYSE and Straits Tms 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 Straits Tms. See also your portfolio center. Please also check ongoing floating volatility patterns of NYSE and Straits Tms.
 Time Horizon     30 Days    Login   to change
 NYSE  vs   Straits Tms
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to under-perform the Straits Tms. But the index apears to be less risky and, when comparing its historical volatility, NYSE is 1.2 times less risky than Straits Tms. The index trades about -0.03 of its potential returns per unit of risk. The Straits Tms is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  344,351  in Straits Tms on February 15, 2018 and sell it today you would earn a total of  7,422  from holding Straits Tms or generate 2.16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NYSE and Straits Tms


Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density