This module allows you to analyze existing cross correlation between NZSE and OMXVGI. You can compare the effects of market volatilities on NZSE 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 NZSE with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of NZSE and OMXVGI.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NZSE is expected to under-perform the OMXVGI. But the index apears to be less risky and, when comparing its historical volatility, NZSE is 1.07 times less risky than OMXVGI. The index trades about -0.17 of its potential returns per unit of risk. The OMXVGI is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest 65,296 in OMXVGI on December 20, 2017 and sell it today you would earn a total of 1,194 from holding OMXVGI or generate 1.83% return on investment over 30 days.