This module allows you to analyze existing cross correlation between Nasdaq and OMXVGI. You can compare the effects of market volatilities on Nasdaq 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 Nasdaq with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Nasdaq and OMXVGI.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Nasdaq is expected to under-perform the OMXVGI. But the index apears to be less risky and, when comparing its historical volatility, Nasdaq is 1.45 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 0.02 of returns per unit of risk over similar time horizon. If you would invest 66,698 in OMXVGI on January 23, 2018 and sell it today you would earn a total of 184.00 from holding OMXVGI or generate 0.28% return on investment over 30 days.