This module allows you to analyze existing cross correlation between OMXRGI and Bovespa. You can compare the effects of market volatilities on OMXRGI and Bovespa 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 Bovespa. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and Bovespa.
|Time Horizon||30 Days Login to change|
OMXRGI vs. Bovespa
Assuming 30 trading days horizon, OMXRGI is expected to generate 0.65 times more return on investment than Bovespa. However, OMXRGI is 1.54 times less risky than Bovespa. It trades about 0.02 of its potential returns per unit of risk. Bovespa is currently generating about -0.42 per unit of risk. If you would invest 104,711 in OMXRGI on May 19, 2018 and sell it today you would earn a total of 307.36 from holding OMXRGI or generate 0.29% return on investment over 30 days.