Correlation Analysis Between Madrid Gnrl and ISEQ

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

Madrid Gnrl  vs.  ISEQ

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Madrid Gnrl is expected to generate 1.01 times less return on investment than ISEQ. But when comparing it to its historical volatility, Madrid Gnrl is 1.0 times less risky than ISEQ. It trades about 0.04 of its potential returns per unit of risk. ISEQ is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  0.00  in ISEQ on May 25, 2019 and sell it today you would earn a total of  620,270  from holding ISEQ or generate 9.223372036854776E16% return on investment over 30 days.

Pair Corralation between Madrid Gnrl and ISEQ

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Madrid Gnrl and ISEQ

Madrid Gnrl diversification synergy

Pay attention

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