This module allows you to analyze existing cross correlation between OMXRGI and Madrid Gnrl. You can compare the effects of market volatilities on OMXRGI and Madrid Gnrl 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 Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and Madrid Gnrl.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, OMXRGI is expected to generate 1.7 times less return on investment than Madrid Gnrl. But when comparing it to its historical volatility, OMXRGI is 1.06 times less risky than Madrid Gnrl. It trades about 0.14 of its potential returns per unit of risk. Madrid Gnrl is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 103,475 in Madrid Gnrl on December 19, 2017 and sell it today you would earn a total of 3,013 from holding Madrid Gnrl or generate 2.91% return on investment over 30 days.