Correlation Analysis Between AEX Amsterdam and OMXVGI

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

Comparative Performance

 Predicted Return Density 
      Returns 

AEX Amsterdam  vs.  OMXVGI

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 2.11 times more return on investment than OMXVGI. However, AEX Amsterdam is 2.11 times more volatile than OMXVGI. It trades about -0.11 of its potential returns per unit of risk. OMXVGI is currently generating about -0.38 per unit of risk. If you would invest  52,517  in AEX Amsterdam on November 18, 2018 and sell it today you would lose (2,509)  from holding AEX Amsterdam or give up 4.78% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and OMXVGI

0.33
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy92.86%
ValuesDaily Returns

Diversification Opportunities for AEX Amsterdam and OMXVGI

AEX Amsterdam diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding AEX Amsterdam and OMXVGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXVGI and AEX Amsterdam 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 AEX Amsterdam are associated (or correlated) with OMXVGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXVGI has no effect on the direction of AEX Amsterdam i.e. AEX Amsterdam and OMXVGI 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 CEO Directory module to screen ceos from public companies around the world.


 
Search macroaxis.com