Correlation Analysis Between Leucadia National and NASDAQ UK

This module allows you to analyze existing cross correlation between Leucadia National Corporation and NASDAQ UK. You can compare the effects of market volatilities on Leucadia National and NASDAQ UK 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 NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of Leucadia National and NASDAQ UK.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

 Predicted Return Density 
      Returns 

Leucadia National Corp.  vs.  NASDAQ UK

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  99,387  in NASDAQ UK on June 22, 2019 and sell it today you would earn a total of  2,067  from holding NASDAQ UK or generate 2.08% return on investment over 30 days.

Pair Corralation between Leucadia National and NASDAQ UK

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.33%
ValuesDaily Returns

Diversification Opportunities for Leucadia National and NASDAQ UK

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 NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK 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 NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of Leucadia National i.e. Leucadia National and NASDAQ UK go up and down completely randomly.
    Optimize
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.


 
Search macroaxis.com