This module allows you to analyze existing cross correlation between SPTSX Comp and OMXRGI. You can compare the effects of market volatilities on SPTSX Comp 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 SPTSX Comp with a short position of OMXRGI. See also your portfolio center
. Please also check ongoing floating volatility patterns of SPTSX Comp
SPTSX Comp vs. OMXRGI
Assuming 30 trading days horizon, SPTSX Comp is expected to generate 1.2 times more return on investment than OMXRGI. However, SPTSX Comp is 1.2 times more volatile than OMXRGI. It trades about 0.03 of its potential returns per unit of risk. OMXRGI is currently generating about -0.14 per unit of risk. If you would invest 1,633,520 in SPTSX Comp on June 21, 2018 and sell it today you would earn a total of 10,030 from holding SPTSX Comp or generate 0.61% return on investment over 30 days.
Pair Corralation between SPTSX Comp and OMXRGI
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding SPTSX Comp and OMXRGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXRGI and SPTSX Comp 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 SPTSX Comp are associated (or correlated) with OMXRGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXRGI has no effect on the direction of SPTSX Comp i.e. SPTSX Comp and OMXRGI go up and down completely randomly.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
Alphabet cannot be verified against its exchange. It appears that Alphabet is not available for investing at this time. Please verify the symbol is currently traded on NASDAQ. If you still believe the symbol you are trying to look up is valid please let us know
and we will check it as soon as possible.
Try Other Suggestions
|GTVJX||Goldman Sachs Target Date 2030||Fund|
|GTVMX||Goldman Sachs Target Date 2040||Fund|
|GTVOX||Goldman Sachs Target Date 2035||Fund|
|GTVSX||Goldman Sachs Target Date 2050||Fund|
|FPPXX||Government Obligations Fund Cl||Fund|
|ELKMF||Gold Road Resources Limited||Stock|
|GCGAX||Goldman Sachs Concentrated Gro||Fund|