This module allows you to analyze existing cross correlation between OMX COPENHAGEN and S&P 500. You can compare the effects of market volatilities on OMX COPENHAGEN and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and SP 500.
|Time Horizon||30 Days Login to change|
OMX COPENHAGEN vs. S&P 500
Assuming 30 trading days horizon, OMX COPENHAGEN is expected to under-perform the SP 500. In addition to that, OMX COPENHAGEN is 1.27 times more volatile than S&P 500. It trades about -0.01 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.0 per unit of volatility. If you would invest 271,490 in S&P 500 on May 26, 2018 and sell it today you would lose (44.00) from holding S&P 500 or give up 0.02% of portfolio value over 30 days.