Correlation Analysis Between Calgon Carbon and All Ords

This module allows you to analyze existing cross correlation between Calgon Carbon Corporation and All Ords. You can compare the effects of market volatilities on Calgon Carbon and All Ords 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 Calgon Carbon with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of Calgon Carbon and All Ords.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

Calgon Carbon Corp.  vs.  All Ords

 Performance (%) 

Pair Volatility

If you would invest  659,810  in All Ords on June 20, 2019 and sell it today you would earn a total of  13,730  from holding All Ords or generate 2.08% return on investment over 30 days.

Pair Corralation between Calgon Carbon and All Ords

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Calgon Carbon and All Ords

Calgon Carbon Corp. diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Calgon Carbon Corp. and All Ords in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on All Ords and Calgon Carbon 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 Calgon Carbon Corporation are associated (or correlated) with All Ords. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of All Ords has no effect on the direction of Calgon Carbon i.e. Calgon Carbon and All Ords go up and down completely randomly.
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.