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This module allows you to analyze existing cross correlation between EURONEXT BEL-20 and OSE All. You can compare the effects of market volatilities on EURONEXT BEL-20 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 EURONEXT BEL-20 with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of EURONEXT BEL-20 and OSE All.
|Horizon||30 Days Login to change|
Predicted Return Density
EURONEXT BEL-20 vs. OSE All
Given the investment horizon of 30 days, EURONEXT BEL-20 is expected to generate 0.82 times more return on investment than OSE All. However, EURONEXT BEL-20 is 1.22 times less risky than OSE All. It trades about -0.09 of its potential returns per unit of risk. OSE All is currently generating about -0.14 per unit of risk. If you would invest 356,394 in EURONEXT BEL-20 on November 16, 2018 and sell it today you would lose (17,965) from holding EURONEXT BEL-20 or give up 5.04% of portfolio value over 30 days.
Pair Corralation between EURONEXT BEL-20 and OSE All
|Time Period||2 Months [change]|
Diversification Opportunities for EURONEXT BEL-20 and OSE All
Overlapping area represents the amount of risk that can be diversified away by holding EURONEXT BEL-20 and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and EURONEXT BEL-20 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 EURONEXT BEL-20 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 EURONEXT BEL-20 i.e. EURONEXT BEL-20 and OSE All go up and down completely randomly.