Correlation Analysis Between Swiss Mrt and IPC

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

 Predicted Return Density 
      Returns 

Swiss Mrt  vs.  IPC

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to generate 0.98 times more return on investment than IPC. However, Swiss Mrt is 1.02 times less risky than IPC. It trades about 0.15 of its potential returns per unit of risk. IPC is currently generating about -0.14 per unit of risk. If you would invest  896,634  in Swiss Mrt on February 20, 2019 and sell it today you would earn a total of  35,308  from holding Swiss Mrt or generate 3.94% return on investment over 30 days.

Pair Corralation between Swiss Mrt and IPC

-0.7
Time Period2 Months [change]
DirectionNegative 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Swiss Mrt and IPC

Swiss Mrt diversification synergy

Excellent diversification

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