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
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Comparative Performance

XU100  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in XU100 on May 18, 2019 and sell it today you would earn a total of  100.00  from holding XU100 or generate -100.0% return on investment over 30 days.

Pair Corralation between XU100 and Jakarta Comp

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for XU100 and Jakarta Comp

XU100 diversification synergy

Pay attention

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.
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