Two Equities Correlation Analysis

Can any of the company-specific risk be diversified away by investing in both Waga Energy and Equity 2 at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Waga Energy and Equity 2 into the same portfolio, which is an essential part of the fundamental portfolio management process.

This model provides you with a quick lookup of cross correlation between two equities. Please specify two instruments to run the correlation.

Unable to locate either WAGA.PA or ORAP.PA at this time. Please try again later.

Asset symbol is not found or was delisted

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One of the equities cannot be loaded: WAGA.PA, ORAP.PA

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.