Pair Correlation Between BSE and OSE All

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

BSE  vs.  OSE All

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, BSE is expected to generate 12.22 times less return on investment than OSE All. But when comparing it to its historical volatility, BSE is 1.04 times less risky than OSE All. It trades about 0.01 of its potential returns per unit of risk. OSE All is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  91,923  in OSE All on March 27, 2018 and sell it today you would earn a total of  3,300  from holding OSE All or generate 3.59% return on investment over 30 days.

Pair Corralation between BSE and OSE All

Time Period2 Months [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

Overlapping area represents the amount of risk that can be diversified away by holding BSE and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and BSE 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 BSE 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 BSE i.e. BSE and OSE All go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.