Pair Correlation Between Bursa Malaysia and OMX COPENHAGEN

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.
 Time Horizon     30 Days    Login   to change
 Bursa Malaysia  vs   OMX COPENHAGEN
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 3.46 times less return on investment than OMX COPENHAGEN. But when comparing it to its historical volatility, Bursa Malaysia is 1.54 times less risky than OMX COPENHAGEN. It trades about 0.04 of its potential returns per unit of risk. OMX COPENHAGEN is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  132,157  in OMX COPENHAGEN on February 15, 2018 and sell it today you would earn a total of  2,140  from holding OMX COPENHAGEN or generate 1.62% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bursa Malaysia and OMX COPENHAGEN


Time Period1 Month [change]
ValuesDaily Returns


Good 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.

Comparative Volatility

 Predicted Return Density