This module allows you to analyze existing cross correlation between ETFS Wheat ETC and Atlas Copco AB. You can compare the effects of market volatilities on ETFS Wheat and Atlas Copco 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 ETFS Wheat with a short position of Atlas Copco. See also your portfolio center. Please also check ongoing floating volatility patterns of ETFS Wheat and Atlas Copco.
ETFS Commodity Securities Ltd vs. Atlas Copco AB 0R82
Assuming 30 trading days horizon, ETFS Wheat is expected to generate 1.08 times less return on investment than Atlas Copco. In addition to that, ETFS Wheat is 1.58 times more volatile than Atlas Copco AB. It trades about 0.23 of its total potential returns per unit of risk. Atlas Copco AB is currently generating about 0.4 per unit of volatility. If you would invest 33,630 in Atlas Copco AB on April 25, 2018 and sell it today you would earn a total of 1,680 from holding Atlas Copco AB or generate 4.99% return on investment over 30 days.
Pair Corralation between ETFS Wheat and Atlas Copco
Overlapping area represents the amount of risk that can be diversified away by holding ETFS Commodity Securities Ltd and Atlas Copco AB 0R82 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Atlas Copco AB and ETFS Wheat 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 ETFS Wheat ETC are associated (or correlated) with Atlas Copco. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atlas Copco AB has no effect on the direction of ETFS Wheat i.e. ETFS Wheat and Atlas Copco go up and down completely randomly.
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