Correlation Analysis Between Leucadia National and All Ords

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

 Predicted Return Density 
      Returns 

Leucadia National Corp.  vs.  All Ords

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  592,430  in All Ords on February 17, 2019 and sell it today you would earn a total of  35,230  from holding All Ords or generate 5.95% return on investment over 30 days.

Pair Corralation between Leucadia National and All Ords

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy15.15%
ValuesDaily Returns

Diversification Opportunities for Leucadia National and All Ords

Leucadia National Corp. diversification synergy

Pay attention

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