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- Peer Analysis
This module allows you to analyze existing cross correlation between IPC and OMXRGI. You can compare the effects of market volatilities on IPC and OMXRGI 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 IPC with a short position of OMXRGI. See also your portfolio center. Please also check ongoing floating volatility patterns of IPC and OMXRGI.
|Horizon||30 Days Login to change|
Predicted Return Density
IPC vs. OMXRGI
Given the investment horizon of 30 days, IPC is expected to under-perform the OMXRGI. In addition to that, IPC is 1.47 times more volatile than OMXRGI. It trades about -0.2 of its total potential returns per unit of risk. OMXRGI is currently generating about -0.05 per unit of volatility. If you would invest 96,324 in OMXRGI on November 18, 2018 and sell it today you would lose (1,806) from holding OMXRGI or give up 1.87% of portfolio value over 30 days.
Pair Corralation between IPC and OMXRGI
|Time Period||2 Months [change]|
Diversification Opportunities for IPC and OMXRGI
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding IPC and OMXRGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXRGI and IPC 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 IPC are associated (or correlated) with OMXRGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXRGI has no effect on the direction of IPC i.e. IPC and OMXRGI go up and down completely randomly.