- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between OMX COPENHAGEN and BSE. You can compare the effects of market volatilities on OMX COPENHAGEN and BSE 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 OMX COPENHAGEN with a short position of BSE. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and BSE.
|Horizon||30 Days Login to change|
Predicted Return Density
OMX COPENHAGEN vs. BSE
Assuming 30 trading days horizon, OMX COPENHAGEN is expected to generate 1.58 times less return on investment than BSE. In addition to that, OMX COPENHAGEN is 1.02 times more volatile than BSE. It trades about 0.06 of its total potential returns per unit of risk. BSE is currently generating about 0.09 per unit of volatility. If you would invest 3,473,751 in BSE on November 13, 2018 and sell it today you would earn a total of 119,213 from holding BSE or generate 3.43% return on investment over 30 days.
Pair Corralation between OMX COPENHAGEN and BSE
|Time Period||2 Months [change]|
Diversification Opportunities for OMX COPENHAGEN and BSE
Overlapping area represents the amount of risk that can be diversified away by holding OMX COPENHAGEN and BSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BSE and OMX COPENHAGEN 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 OMX COPENHAGEN are associated (or correlated) with BSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BSE has no effect on the direction of OMX COPENHAGEN i.e. OMX COPENHAGEN and BSE go up and down completely randomly.