Correlation Analysis Between Visa and NASDAQ UK

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

 Predicted Return Density 
      Returns 

Visa Inc  vs.  NASDAQ UK

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Visa is expected to generate 1.82 times more return on investment than NASDAQ UK. However, Visa is 1.82 times more volatile than NASDAQ UK. It trades about 0.07 of its potential returns per unit of risk. NASDAQ UK is currently generating about -0.25 per unit of risk. If you would invest  17,344  in Visa on July 21, 2019 and sell it today you would earn a total of  630.00  from holding Visa or generate 3.63% return on investment over 30 days.

Pair Corralation between Visa and NASDAQ UK

0.09
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Visa and NASDAQ UK

Visa Inc diversification synergy

Significant diversification

Overlapping area represents the amount of risk that can be diversified away by holding Visa Inc and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK and Visa 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 Visa 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 Visa i.e. Visa and NASDAQ UK go up and down completely randomly.
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See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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