Correlation Analysis Between Swiss Mrt and IBEX 35

This module allows you to analyze existing cross correlation between Swiss Mrt and IBEX 35. You can compare the effects of market volatilities on Swiss Mrt and IBEX 35 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 Swiss Mrt with a short position of IBEX 35. See also your portfolio center. Please also check ongoing floating volatility patterns of Swiss Mrt and IBEX 35.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Swiss Mrt  vs.  IBEX 35

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.94 times more return on investment than IBEX 35. However, Swiss Mrt is 1.06 times less risky than IBEX 35. It trades about 0.09 of its potential returns per unit of risk. IBEX 35 is currently generating about -0.16 per unit of risk. If you would invest  963,507  in Swiss Mrt on May 20, 2019 and sell it today you would earn a total of  21,650  from holding Swiss Mrt or generate 2.25% return on investment over 30 days.

Pair Corralation between Swiss Mrt and IBEX 35

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy94.87%
ValuesDaily Returns

Diversification Opportunities for Swiss Mrt and IBEX 35

Swiss Mrt diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Swiss Mrt and IBEX 35 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on IBEX 35 and Swiss Mrt 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 Swiss Mrt are associated (or correlated) with IBEX 35. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBEX 35 has no effect on the direction of Swiss Mrt i.e. Swiss Mrt and IBEX 35 go up and down completely randomly.
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See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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