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 1.72 times more return on investment than Madrid Gnrl. However, OMXRGI is 1.72 times more volatile than Madrid Gnrl. It trades about 0.08 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.13 per unit of risk. If you would invest 101,926 in OMXRGI on February 21, 2018 and sell it today you would earn a total of 1,907 from holding OMXRGI or generate 1.87% return on investment over 30 days.