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.
|Time Horizon||30 Days Login to change|
OMXRGI vs. S&P 500
Assuming 30 trading days horizon, OMXRGI is expected to generate 1.34 times less return on investment than SP 500. In addition to that, OMXRGI is 2.09 times more volatile than S&P 500. It trades about 0.04 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.11 per unit of volatility. If you would invest 271,490 in S&P 500 on May 26, 2018 and sell it today you would earn a total of 3,998 from holding S&P 500 or generate 1.47% return on investment over 30 days.