Correlation Analysis Between OMX COPENHAGEN and XU100

This module allows you to analyze existing cross correlation between OMX COPENHAGEN and XU100. You can compare the effects of market volatilities on OMX COPENHAGEN and XU100 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 XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of OMX COPENHAGEN and XU100.
Horizon     30 Days    Login   to change


 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OMX COPENHAGEN is expected to under-perform the XU100. In addition to that, OMX COPENHAGEN is 1.17 times more volatile than XU100. It trades about -0.18 of its total potential returns per unit of risk. XU100 is currently generating about 0.06 per unit of volatility. If you would invest  9,475,964  in XU100 on September 16, 2018 and sell it today you would earn a total of  189,778  from holding XU100 or generate 2.0% return on investment over 30 days.

Pair Corralation between OMX COPENHAGEN and XU100

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OMX COPENHAGEN and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 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 XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of OMX COPENHAGEN i.e. OMX COPENHAGEN and XU100 go up and down completely randomly.

Comparative Volatility

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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.