Correlation Analysis 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.
Horizon     30 Days    Login   to change
Symbolsvs

OMX COPENHAGEN  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  887,209  in Swiss Mrt on September 21, 2018 and sell it today you would earn a total of  0.00  from holding Swiss Mrt or generate 0.0% return on investment over 30 days.

Pair Corralation between OMX COPENHAGEN and Swiss Mrt

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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.
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Comparative Volatility

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