Correlation Analysis Between XU100 and Jakarta Comp

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

Comparative Performance

 Predicted Return Density 
      Returns 

XU100  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to generate 3.16 times more return on investment than Jakarta Comp. However, XU100 is 3.16 times more volatile than Jakarta Comp. It trades about 0.33 of its potential returns per unit of risk. Jakarta Comp is currently generating about 0.15 per unit of risk. If you would invest  9,142,655  in XU100 on January 18, 2019 and sell it today you would earn a total of  1,128,846  from holding XU100 or generate 12.35% return on investment over 30 days.

Pair Corralation between XU100 and Jakarta Comp

-0.1
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy51.35%
ValuesDaily Returns

Diversification Opportunities for XU100 and Jakarta Comp

XU100 diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding XU100 and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp 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 Jakarta Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jakarta Comp has no effect on the direction of XU100 i.e. XU100 and Jakarta Comp go up and down completely randomly.
    Optimize

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.


 
Search macroaxis.com