Correlation Analysis Between OMXRGI and AEX Amsterdam

This module allows you to analyze existing cross correlation between OMXRGI and AEX Amsterdam. You can compare the effects of market volatilities on OMXRGI and AEX Amsterdam 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 OMXRGI with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and AEX Amsterdam.
Horizon     30 Days    Login   to change
Symbolsvs

OMXRGI  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  98,906  in OMXRGI on August 20, 2018 and sell it today you would earn a total of  0.00  from holding OMXRGI or generate 0.0% return on investment over 30 days.

Pair Corralation between OMXRGI and AEX Amsterdam

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
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