This module allows you to analyze existing cross correlation between Hang Seng and OMXVGI. You can compare the effects of market volatilities on Hang Seng 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 Hang Seng with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and OMXVGI.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Hang Seng is expected to under-perform the OMXVGI. But the index apears to be less risky and, when comparing its historical volatility, Hang Seng is 1.34 times less risky than OMXVGI. The index trades about -0.09 of its potential returns per unit of risk. The OMXVGI is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 66,472 in OMXVGI on January 19, 2018 and sell it today you would earn a total of 957.00 from holding OMXVGI or generate 1.44% return on investment over 30 days.