This module allows you to analyze existing cross correlation between FTSE 100 and OMX COPENHAGEN. You can compare the effects of market volatilities on FTSE 100 and OMX COPENHAGEN 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 FTSE 100 with a short position of OMX COPENHAGEN. See also your portfolio center
. Please also check ongoing floating volatility patterns of FTSE 100
and OMX COPENHAGEN
FTSE 100 vs OMX COPENHAGEN
If you would invest 747,477 in FTSE 100 on October 20, 2017 and sell it today you would earn a total of 0.00 from holding FTSE 100 or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding FTSE 100 and OMX COPENHAGEN in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMX COPENHAGEN and FTSE 100 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 FTSE 100 are associated (or correlated) with OMX COPENHAGEN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMX COPENHAGEN has no effect on the direction of FTSE 100 i.e. FTSE 100 and OMX COPENHAGEN go up and down completely randomly.