Pair Correlation Between OMX COPENHAGEN and Swiss Mrt

This module allows you to analyze existing cross correlation between OMX COPENHAGEN and Swiss Mrt. You can compare the effects of market volatilities on OMX COPENHAGEN and Swiss Mrt 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 Swiss Mrt. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and Swiss Mrt.
 Time Horizon     30 Days    Login   to change
 OMX COPENHAGEN  vs   Swiss Mrt
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OMX COPENHAGEN is expected to generate 0.79 times more return on investment than Swiss Mrt. However, OMX COPENHAGEN is 1.26 times less risky than Swiss Mrt. It trades about 0.36 of its potential returns per unit of risk. Swiss Mrt is currently generating about 0.1 per unit of risk. If you would invest  134,519  in OMX COPENHAGEN on December 21, 2017 and sell it today you would earn a total of  3,727  from holding OMX COPENHAGEN or generate 2.77% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between OMX COPENHAGEN and Swiss Mrt


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 Swiss Mrt in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Swiss Mrt 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 Swiss Mrt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swiss Mrt has no effect on the direction of OMX COPENHAGEN i.e. OMX COPENHAGEN and Swiss Mrt go up and down completely randomly.

Comparative Volatility

 Predicted Return Density