Correlation Analysis Between Facebook and XU100

This module allows you to analyze existing cross correlation between Facebook and XU100. You can compare the effects of market volatilities on Facebook and XU100 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 Facebook with a short position of XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Facebook and XU100.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

 Predicted Return Density 
      Returns 

Facebook Inc  vs.  XU100

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Facebook is expected to under-perform the XU100. In addition to that, Facebook is 1.17 times more volatile than XU100. It trades about -0.03 of its total potential returns per unit of risk. XU100 is currently generating about 0.03 per unit of volatility. If you would invest  9,557,312  in XU100 on July 25, 2019 and sell it today you would earn a total of  157,592  from holding XU100 or generate 1.65% return on investment over 30 days.

Pair Corralation between Facebook and XU100

0.43
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy95.45%
ValuesDaily Returns

Diversification Opportunities for Facebook and XU100

Facebook Inc diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Facebook Inc and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 and Facebook 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 Facebook are associated (or correlated) with XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Facebook i.e. Facebook and XU100 go up and down completely randomly.
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