This module allows you to analyze existing cross correlation between Bovespa and OMXVGI. You can compare the effects of market volatilities on Bovespa 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 Bovespa with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Bovespa and OMXVGI.
|Time Horizon||30 Days Login to change|
Bovespa vs. OMXVGI
Assuming 30 trading days horizon, Bovespa is expected to under-perform the OMXVGI. In addition to that, Bovespa is 5.44 times more volatile than OMXVGI. It trades about -0.34 of its total potential returns per unit of risk. OMXVGI is currently generating about 0.1 per unit of volatility. If you would invest 70,842 in OMXVGI on May 21, 2018 and sell it today you would earn a total of 529.88 from holding OMXVGI or generate 0.75% return on investment over 30 days.