Pair Correlation Between CAC 40 and OSE All

This module allows you to analyze existing cross correlation between CAC 40 and OSE All. You can compare the effects of market volatilities on CAC 40 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 CAC 40 with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of CAC 40 and OSE All.
 Time Horizon     30 Days    Login   to change
 CAC 40  vs   OSE All
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, CAC 40 is expected to generate 1.51 times more return on investment than OSE All. However, CAC 40 is 1.51 times more volatile than OSE All. It trades about 0.28 of its potential returns per unit of risk. OSE All is currently generating about 0.41 per unit of risk. If you would invest  536,884  in CAC 40 on December 24, 2017 and sell it today you would earn a total of  15,767  from holding CAC 40 or generate 2.94% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between CAC 40 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 CAC 40 and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and CAC 40 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 CAC 40 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 CAC 40 i.e. CAC 40 and OSE All go up and down completely randomly.

Comparative Volatility

 Predicted Return Density