Correlation Analysis Between Leucadia National and XU100

This module allows you to analyze existing cross correlation between Leucadia National Corporation and XU100. You can compare the effects of market volatilities on Leucadia National and XU100 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 XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Leucadia National and XU100.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Leucadia National Corp.  vs.  XU100

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  8,530,958  in XU100 on June 20, 2019 and sell it today you would earn a total of  1,625,667  from holding XU100 or generate 19.06% return on investment over 30 days.

Pair Corralation between Leucadia National and XU100

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.23%
ValuesDaily Returns

Diversification Opportunities for Leucadia National and XU100

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 XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 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 XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Leucadia National i.e. Leucadia National and XU100 go up and down completely randomly.
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