Pair Correlation Between iShares Italy and Facebook

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

iShares Italy Govt Bond ETF EU  vs.  Facebook Inc

 Performance (%) 

Pair Volatility

If you would invest  15,714  in iShares Italy Govt Bond ETF EUR Dist on March 26, 2018 and sell it today you would earn a total of  342.00  from holding iShares Italy Govt Bond ETF EUR Dist or generate 2.18% return on investment over 30 days.

Pair Corralation between iShares Italy and Facebook

Time Period2 Months [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

iShares Italy Govt  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in iShares Italy Govt Bond ETF EUR Dist are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

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
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.