- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between OMXRGI and S&P 500. You can compare the effects of market volatilities on OMXRGI and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and SP 500.
|Horizon||30 Days Login to change|
Predicted Return Density
OMXRGI vs. S&P 500
Assuming 30 trading days horizon, OMXRGI is expected to generate 0.97 times more return on investment than SP 500. However, OMXRGI is 1.03 times less risky than SP 500. It trades about 0.11 of its potential returns per unit of risk. S&P 500 is currently generating about -0.07 per unit of risk. If you would invest 93,536 in OMXRGI on November 13, 2018 and sell it today you would earn a total of 3,489 from holding OMXRGI or generate 3.73% return on investment over 30 days.
Pair Corralation between OMXRGI and SP 500
|Time Period||2 Months [change]|
Diversification Opportunities for OMXRGI and SP 500
Overlapping area represents the amount of risk that can be diversified away by holding OMXRGI and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 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 SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of OMXRGI i.e. OMXRGI and SP 500 go up and down completely randomly.