This module allows you to analyze existing cross correlation between S&P 500 and OMXVGI. You can compare the effects of market volatilities on SP 500 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 SP 500 with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of SP 500 and OMXVGI.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.87 times more return on investment than OMXVGI. However, S&P 500 is 1.14 times less risky than OMXVGI. It trades about 0.54 of its potential returns per unit of risk. OMXVGI is currently generating about 0.22 per unit of risk. If you would invest 268,147 in S&P 500 on December 19, 2017 and sell it today you would earn a total of 12,109 from holding S&P 500 or generate 4.52% return on investment over 30 days.