Correlation Analysis Between OMX COPENHAGEN and IPC

This module allows you to analyze existing cross correlation between OMX COPENHAGEN and IPC. You can compare the effects of market volatilities on OMX COPENHAGEN and IPC 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 IPC. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and IPC.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

 Predicted Return Density 


 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OMX COPENHAGEN is expected to generate 3.67 times less return on investment than IPC. In addition to that, OMX COPENHAGEN is 1.3 times more volatile than IPC. It trades about 0.02 of its total potential returns per unit of risk. IPC is currently generating about 0.07 per unit of volatility. If you would invest  4,160,654  in IPC on September 17, 2019 and sell it today you would earn a total of  193,195  from holding IPC or generate 4.64% return on investment over 30 days.

Pair Corralation between OMX COPENHAGEN and IPC

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for OMX COPENHAGEN and IPC

OMX COPENHAGEN diversification synergy

Significant diversification

Overlapping area represents the amount of risk that can be diversified away by holding OMX COPENHAGEN and IPC in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on IPC 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 IPC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IPC has no effect on the direction of OMX COPENHAGEN i.e. OMX COPENHAGEN and IPC go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.