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


 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OMX COPENHAGEN is expected to under-perform the IPC. In addition to that, OMX COPENHAGEN is 2.34 times more volatile than IPC. It trades about -0.13 of its total potential returns per unit of risk. IPC is currently generating about -0.14 per unit of volatility. If you would invest  4,953,065  in IPC on September 17, 2018 and sell it today you would lose (133,908)  from holding IPC or give up 2.7% of portfolio value over 30 days.

Pair Corralation between OMX COPENHAGEN and IPC

Time Period1 Month [change]
ValuesDaily Returns


Very poor 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.

Comparative Volatility

 Predicted Return Density 

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