Correlation Analysis Between MGT CAPITAL and XU100

This module allows you to analyze existing cross correlation between MGT CAPITAL INVESTMENTS INC and XU100. You can compare the effects of market volatilities on MGT CAPITAL 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 MGT CAPITAL with a short position of XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of MGT CAPITAL and XU100.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

 Predicted Return Density 


 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, MGT CAPITAL INVESTMENTS INC is expected to under-perform the XU100. In addition to that, MGT CAPITAL is 18.06 times more volatile than XU100. It trades about -0.05 of its total potential returns per unit of risk. XU100 is currently generating about 0.34 per unit of volatility. If you would invest  10,060,499  in XU100 on August 17, 2019 and sell it today you would earn a total of  150,263  from holding XU100 or generate 1.49% return on investment over 30 days.

Pair Corralation between MGT CAPITAL and XU100

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for MGT CAPITAL and XU100

MGT CAPITAL INVESTMENTS INC diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding MGT CAPITAL INVESTMENTS INC and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 and MGT CAPITAL 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 MGT CAPITAL INVESTMENTS INC 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 MGT CAPITAL i.e. MGT CAPITAL and XU100 go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.