This module allows you to analyze existing cross correlation between OMXRGI and Nasdaq. You can compare the effects of market volatilities on OMXRGI and Nasdaq 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 Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and Nasdaq.
|Time Horizon||30 Days Login to change|
OMXRGI vs. Nasdaq
Assuming 30 trading days horizon, OMXRGI is expected to generate 0.57 times more return on investment than Nasdaq. However, OMXRGI is 1.75 times less risky than Nasdaq. It trades about 0.07 of its potential returns per unit of risk. Nasdaq is currently generating about -0.03 per unit of risk. If you would invest 102,134 in OMXRGI on March 25, 2018 and sell it today you would earn a total of 2,737 from holding OMXRGI or generate 2.68% return on investment over 30 days.