This module allows you to analyze existing cross correlation between OMXRGI and DAX. You can compare the effects of market volatilities on OMXRGI and DAX 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 DAX. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and DAX.
|Time Horizon||30 Days Login to change|
OMXRGI vs. DAX
Assuming 30 trading days horizon, OMXRGI is expected to generate 1.22 times more return on investment than DAX. However, OMXRGI is 1.22 times more volatile than DAX. It trades about 0.05 of its potential returns per unit of risk. DAX is currently generating about -0.11 per unit of risk. If you would invest 103,729 in OMXRGI on May 21, 2018 and sell it today you would earn a total of 1,251 from holding OMXRGI or generate 1.21% return on investment over 30 days.