This module allows you to analyze existing cross correlation between Israel Index and OMX COPENHAGEN. You can compare the effects of market volatilities on Israel Index 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 Israel Index with a short position of OMX COPENHAGEN. See also your portfolio center. Please also check ongoing floating volatility patterns of Israel Index and OMX COPENHAGEN.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Israel Index is expected to under-perform the OMX COPENHAGEN. But the index apears to be less risky and, when comparing its historical volatility, Israel Index is 1.06 times less risky than OMX COPENHAGEN. The index trades about -0.25 of its potential returns per unit of risk. The OMX COPENHAGEN is currently generating about -0.22 of returns per unit of risk over similar time horizon. If you would invest 138,416 in OMX COPENHAGEN on October 20, 2017 and sell it today you would lose (5,235) from holding OMX COPENHAGEN or give up 3.78% of portfolio value over 30 days.