This module allows you to analyze existing cross correlation between OMX COPENHAGEN and NIKKEI 225. You can compare the effects of market volatilities on OMX COPENHAGEN and NIKKEI 225 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 NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and NIKKEI 225.
|Time Horizon||30 Days Login to change|
OMX COPENHAGEN vs. NIKKEI 225
Assuming 30 trading days horizon, OMX COPENHAGEN is expected to under-perform the NIKKEI 225. But the index apears to be less risky and, when comparing its historical volatility, OMX COPENHAGEN is 1.37 times less risky than NIKKEI 225. The index trades about -0.07 of its potential returns per unit of risk. The NIKKEI 225 is currently generating about -0.04 of returns per unit of risk over similar time horizon. If you would invest 2,296,034 in NIKKEI 225 on May 22, 2018 and sell it today you would lose (26,730) from holding NIKKEI 225 or give up 1.16% of portfolio value over 30 days.