Correlation Analysis Between OMXRGI and Seoul Comp

This module allows you to analyze existing cross correlation between OMXRGI and Seoul Comp. You can compare the effects of market volatilities on OMXRGI and Seoul Comp 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 Seoul Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and Seoul Comp.
Horizon     30 Days    Login   to change
Symbolsvs

OMXRGI  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, OMXRGI is expected to under-perform the Seoul Comp. In addition to that, OMXRGI is 2.42 times more volatile than Seoul Comp. It trades about -0.02 of its total potential returns per unit of risk. Seoul Comp is currently generating about 0.21 per unit of volatility. If you would invest  227,957  in Seoul Comp on August 22, 2018 and sell it today you would earn a total of  5,960  from holding Seoul Comp or generate 2.61% return on investment over 30 days.

Pair Corralation between OMXRGI and Seoul Comp

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OMXRGI and Seoul Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Seoul Comp 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 Seoul Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seoul Comp has no effect on the direction of OMXRGI i.e. OMXRGI and Seoul Comp go up and down completely randomly.
    Optimize

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1171.09

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.


 
Search macroaxis.com