Correlation Analysis Between IPC and OMXVGI

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

IPC  vs.  OMXVGI

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to generate 1.39 times more return on investment than OMXVGI. However, IPC is 1.39 times more volatile than OMXVGI. It trades about -0.04 of its potential returns per unit of risk. OMXVGI is currently generating about -0.22 per unit of risk. If you would invest  4,974,956  in IPC on August 26, 2018 and sell it today you would lose (33,234)  from holding IPC or give up 0.67% of portfolio value over 30 days.

Pair Corralation between IPC and OMXVGI

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding IPC and OMXVGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXVGI 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 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 IPC i.e. IPC and OMXVGI go up and down completely randomly.
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Comparative Volatility

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