Pair Correlation 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.
 Time Horizon     30 Days    Login   to change
 AEX Amsterdam  vs   OMXVGI
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to under-perform the OMXVGI. In addition to that, AEX Amsterdam is 3.2 times more volatile than OMXVGI. It trades about -0.23 of its total potential returns per unit of risk. OMXVGI is currently generating about 0.01 per unit of volatility. If you would invest  66,880  in OMXVGI on January 24, 2018 and sell it today you would earn a total of  81.94  from holding OMXVGI or generate 0.12% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between AEX Amsterdam and OMXVGI


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


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.

Comparative Volatility

 Predicted Return Density