- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between OMX COPENHAGEN and Madrid Gnrl. You can compare the effects of market volatilities on OMX COPENHAGEN and Madrid Gnrl 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 Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and Madrid Gnrl.
|Horizon||30 Days Login to change|
Predicted Return Density
OMX COPENHAGEN vs. Madrid Gnrl
Assuming 30 trading days horizon, OMX COPENHAGEN is expected to generate 1.14 times more return on investment than Madrid Gnrl. However, OMX COPENHAGEN is 1.14 times more volatile than Madrid Gnrl. It trades about -0.01 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.03 per unit of risk. If you would invest 130,067 in OMX COPENHAGEN on November 18, 2018 and sell it today you would lose (741.00) from holding OMX COPENHAGEN or give up 0.57% of portfolio value over 30 days.
Pair Corralation between OMX COPENHAGEN and Madrid Gnrl
|Time Period||2 Months [change]|
Diversification Opportunities for OMX COPENHAGEN and Madrid Gnrl
Overlapping area represents the amount of risk that can be diversified away by holding OMX COPENHAGEN and Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl 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 Madrid Gnrl. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madrid Gnrl has no effect on the direction of OMX COPENHAGEN i.e. OMX COPENHAGEN and Madrid Gnrl go up and down completely randomly.