This module allows you to analyze existing cross correlation between WisdomTree India Earnings ETF and Facebook. You can compare the effects of market volatilities on WisdomTree India and Facebook 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 WisdomTree India with a short position of Facebook. See also your portfolio center. Please also check ongoing floating volatility patterns of WisdomTree India and Facebook.
Considering 30-days investment horizon, WisdomTree India Earnings ETF is expected to generate 0.44 times more return on investment than Facebook. However, WisdomTree India Earnings ETF is 2.25 times less risky than Facebook. It trades about -0.05 of its potential returns per unit of risk. Facebook is currently generating about -0.05 per unit of risk. If you would invest 2,702 in WisdomTree India Earnings ETF on March 22, 2018 and sell it today you would lose (60.00) from holding WisdomTree India Earnings ETF or give up 2.22% of portfolio value over 30 days.
Pair Corralation between WisdomTree India and Facebook
Overlapping area represents the amount of risk that can be diversified away by holding WisdomTree India Earnings ETF and Facebook Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Facebook and WisdomTree India 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 WisdomTree India Earnings ETF are associated (or correlated) with Facebook. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Facebook has no effect on the direction of WisdomTree India i.e. WisdomTree India and Facebook go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.