Pair Correlation Between All Ords and OSE All

This module allows you to analyze existing cross correlation between All Ords and OSE All. You can compare the effects of market volatilities on All Ords and OSE All 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 All Ords with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and OSE All.
 Time Horizon     30 Days    Login   to change
 All Ords  vs   OSE All
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to generate 0.62 times more return on investment than OSE All. However, All Ords is 1.61 times less risky than OSE All. It trades about -0.02 of its potential returns per unit of risk. OSE All is currently generating about -0.07 per unit of risk. If you would invest  606,390  in All Ords on February 22, 2018 and sell it today you would lose (2,070)  from holding All Ords or give up 0.34% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between All Ords and OSE All


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding All Ords and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and All Ords 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 All Ords are associated (or correlated) with OSE All. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OSE All has no effect on the direction of All Ords i.e. All Ords and OSE All go up and down completely randomly.

Comparative Volatility

 Predicted Return Density