This module allows you to analyze existing cross correlation between Bursa Malaysia and OMX COPENHAGEN. You can compare the effects of market volatilities on Bursa Malaysia 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 Bursa Malaysia with a short position of OMX COPENHAGEN. See also your portfolio center
. Please also check ongoing floating volatility patterns of Bursa Malaysia
and OMX COPENHAGEN
Bursa Malaysia vs OMX COPENHAGEN
If you would invest 134,348 in OMX COPENHAGEN on December 19, 2017 and sell it today you would earn a total of 2,982 from holding OMX COPENHAGEN or generate 2.22% return on investment over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and OMX COPENHAGEN in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMX COPENHAGEN and Bursa Malaysia 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 Bursa Malaysia 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 Bursa Malaysia i.e. Bursa Malaysia and OMX COPENHAGEN go up and down completely randomly.