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This module allows you to analyze existing cross correlation between Seoul Comp and OSE All. You can compare the effects of market volatilities on Seoul Comp and OSE All 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 Seoul Comp with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and OSE All.
|Horizon||30 Days Login to change|
Predicted Return Density
Seoul Comp vs. OSE All
Assuming 30 trading days horizon, Seoul Comp is expected to generate 0.81 times more return on investment than OSE All. However, Seoul Comp is 1.24 times less risky than OSE All. It trades about -0.11 of its potential returns per unit of risk. OSE All is currently generating about -0.16 per unit of risk. If you would invest 216,171 in Seoul Comp on November 18, 2018 and sell it today you would lose (9,960) from holding Seoul Comp or give up 4.61% of portfolio value over 30 days.
Pair Corralation between Seoul Comp and OSE All
|Time Period||2 Months [change]|
Diversification Opportunities for Seoul Comp and OSE All
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Seoul Comp and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and Seoul Comp 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 Seoul Comp are associated (or correlated) with OSE All. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OSE All has no effect on the direction of Seoul Comp i.e. Seoul Comp and OSE All go up and down completely randomly.