- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Straits Tms and Jakarta Comp. You can compare the effects of market volatilities on Straits Tms and Jakarta Comp 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 Straits Tms with a short position of Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Straits Tms and Jakarta Comp.
|Horizon||30 Days Login to change|
Predicted Return Density
Straits Tms vs. Jakarta Comp
Given the investment horizon of 30 days, Straits Tms is expected to generate 1.47 times more return on investment than Jakarta Comp. However, Straits Tms is 1.47 times more volatile than Jakarta Comp. It trades about 0.26 of its potential returns per unit of risk. Jakarta Comp is currently generating about 0.3 per unit of risk. If you would invest 304,604 in Straits Tms on January 20, 2019 and sell it today you would earn a total of 19,370 from holding Straits Tms or generate 6.36% return on investment over 30 days.
Pair Corralation between Straits Tms and Jakarta Comp
|Time Period||2 Months [change]|
Diversification Opportunities for Straits Tms and Jakarta Comp
Overlapping area represents the amount of risk that can be diversified away by holding Straits Tms and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp and Straits Tms 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 Straits Tms are associated (or correlated) with Jakarta Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jakarta Comp has no effect on the direction of Straits Tms i.e. Straits Tms and Jakarta Comp go up and down completely randomly.