Correlation Analysis Between Ford Motor and NIKKEI 225

This module allows you to analyze existing cross correlation between Ford Motor Company and NIKKEI 225. You can compare the effects of market volatilities on Ford Motor and NIKKEI 225 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 Ford Motor with a short position of NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of Ford Motor and NIKKEI 225.
Horizon     30 Days    Login   to change
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Comparative Performance

Ford Motor Company  vs.  NIKKEI 225

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Ford Motor Company is expected to generate 2.72 times more return on investment than NIKKEI 225. However, Ford Motor is 2.72 times more volatile than NIKKEI 225. It trades about 0.08 of its potential returns per unit of risk. NIKKEI 225 is currently generating about -0.16 per unit of risk. If you would invest  940.16  in Ford Motor Company on May 18, 2019 and sell it today you would earn a total of  57.84  from holding Ford Motor Company or generate 6.15% return on investment over 30 days.

Pair Corralation between Ford Motor and NIKKEI 225

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy83.33%
ValuesDaily Returns

Diversification Opportunities for Ford Motor and NIKKEI 225

Ford Motor Company diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor Company and NIKKEI 225 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NIKKEI 225 and Ford Motor 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 Ford Motor Company are associated (or correlated) with NIKKEI 225. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NIKKEI 225 has no effect on the direction of Ford Motor i.e. Ford Motor and NIKKEI 225 go up and down completely randomly.
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