- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between XU100 and S&P 500. You can compare the effects of market volatilities on XU100 and SP 500 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 XU100 with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of XU100 and SP 500.
|Horizon||30 Days Login to change|
Predicted Return Density
XU100 vs. S&P 500
Assuming 30 trading days horizon, XU100 is expected to generate 1.18 times more return on investment than SP 500. However, XU100 is 1.18 times more volatile than S&P 500. It trades about 0.32 of its potential returns per unit of risk. S&P 500 is currently generating about 0.29 per unit of risk. If you would invest 9,152,690 in XU100 on January 21, 2019 and sell it today you would earn a total of 1,044,439 from holding XU100 or generate 11.41% return on investment over 30 days.
Pair Corralation between XU100 and SP 500
|Time Period||2 Months [change]|
Diversification Opportunities for XU100 and SP 500
Overlapping area represents the amount of risk that can be diversified away by holding XU100 and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 and XU100 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 XU100 are associated (or correlated) with SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of XU100 i.e. XU100 and SP 500 go up and down completely randomly.