Pair Correlation Between Bursa Malaysia and OMXVGI

This module allows you to analyze existing cross correlation between Bursa Malaysia and OMXVGI. You can compare the effects of market volatilities on Bursa Malaysia 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 Bursa Malaysia with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and OMXVGI.
 Time Horizon     30 Days    Login   to change
 Bursa Malaysia  vs   OMXVGI
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to under-perform the OMXVGI. In addition to that, Bursa Malaysia is 1.24 times more volatile than OMXVGI. It trades about -0.05 of its total potential returns per unit of risk. OMXVGI is currently generating about 0.28 per unit of volatility. If you would invest  67,049  in OMXVGI on February 19, 2018 and sell it today you would earn a total of  1,674  from holding OMXVGI or generate 2.5% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bursa Malaysia and OMXVGI


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and OMXVGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXVGI 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 OMXVGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXVGI has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and OMXVGI go up and down completely randomly.

Comparative Volatility

 Predicted Return Density