Correlation Analysis Between Leucadia National and NIKKEI 225

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

Comparative Performance

Leucadia National Corp  vs.  NIKKEI 225

 Performance (%) 

Pair Volatility

If you would invest  2,040,565  in NIKKEI 225 on October 14, 2019 and sell it today you would earn a total of  291,422  from holding NIKKEI 225 or generate 14.28% return on investment over 30 days.

Pair Corralation between Leucadia National and NIKKEI 225

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Leucadia National and NIKKEI 225

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 NIKKEI 225 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NIKKEI 225 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 Corp 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 Leucadia National i.e. Leucadia National and NIKKEI 225 go up and down completely randomly.
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.