Correlation Analysis Between PT INDOFOOD and NESTLE SA

This module allows you to analyze existing cross correlation between PT INDOFOOD SUKSES MAKMUR TBK and NESTLE SA. You can compare the effects of market volatilities on PT INDOFOOD and NESTLE SA 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 PT INDOFOOD with a short position of NESTLE SA. See also your portfolio center. Please also check ongoing floating volatility patterns of PT INDOFOOD and NESTLE SA.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance


Risk-Adjusted Performance

Over the last 30 days PT INDOFOOD SUKSES MAKMUR TBK has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, PT INDOFOOD is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in NESTLE SA are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. In spite of rather unsteady fundamental drivers, NESTLE SA may actually be approaching a critical reversion point that can send shares even higher in September 2019.

PT INDOFOOD and NESTLE SA Volatility Contrast


 Performance (%) 

Pair Volatility

If you would invest  10,221  in NESTLE SA on July 19, 2019 and sell it today you would earn a total of  773.00  from holding NESTLE SA or generate 7.56% return on investment over 30 days.

Pair Corralation between PT INDOFOOD and NESTLE SA

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for PT INDOFOOD and NESTLE SA

PT INDOFOOD SUKSES MAKMUR TBK diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding PT INDOFOOD SUKSES MAKMUR TBK and NESTLE SA in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NESTLE SA and PT INDOFOOD 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 PT INDOFOOD SUKSES MAKMUR TBK are associated (or correlated) with NESTLE SA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NESTLE SA has no effect on the direction of PT INDOFOOD i.e. PT INDOFOOD and NESTLE SA go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.