Correlation Analysis Between Lyxor MSCI and Facebook

This module allows you to analyze existing cross correlation between Lyxor MSCI EMU Growth ETF D EUR and Facebook. You can compare the effects of market volatilities on Lyxor MSCI 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 Lyxor MSCI with a short position of Facebook. See also your portfolio center. Please also check ongoing floating volatility patterns of Lyxor MSCI and Facebook.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Lyxor MSCI EMU Growth ETF D EU  vs.  Facebook Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,723  in Facebook on June 17, 2018 and sell it today you would earn a total of  0.00  from holding Facebook or generate 0.0% return on investment over 30 days.

Pair Corralation between Lyxor MSCI and Facebook

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Lyxor MSCI EMU Growth ETF D EU and Facebook Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Facebook and Lyxor MSCI 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 Lyxor MSCI EMU Growth ETF D EUR 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 Lyxor MSCI i.e. Lyxor MSCI and Facebook go up and down completely randomly.

Comparative Volatility

Lyxor MSCI EMU  
0 

Risk-Adjusted Performance

Over the last 30 days Lyxor MSCI EMU Growth ETF D EUR has generated negative risk-adjusted returns adding no value to investors with long positions.
Facebook  
0 

Risk-Adjusted Performance

Over the last 30 days Facebook has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1183.86

Thematic Opportunities

Explore Investment Opportunities
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.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.