This module allows you to analyze existing cross correlation between Bovespa and OMXRGI. You can compare the effects of market volatilities on Bovespa and OMXRGI 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 Bovespa with a short position of OMXRGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Bovespa and OMXRGI.
|Time Horizon||30 Days Login to change|
Bovespa vs. OMXRGI
Assuming 30 trading days horizon, Bovespa is expected to generate 4.54 times less return on investment than OMXRGI. In addition to that, Bovespa is 1.68 times more volatile than OMXRGI. It trades about 0.01 of its total potential returns per unit of risk. OMXRGI is currently generating about 0.07 per unit of volatility. If you would invest 103,872 in OMXRGI on May 23, 2018 and sell it today you would earn a total of 2,087 from holding OMXRGI or generate 2.01% return on investment over 30 days.