This module allows you to analyze existing cross correlation between OMXRGI and FTSE MIB. You can compare the effects of market volatilities on OMXRGI and FTSE MIB 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 FTSE MIB. See also your portfolio center
. Please also check ongoing floating volatility patterns of OMXRGI
and FTSE MIB
OMXRGI vs FTSE MIB
If you would invest 102,250 in OMXRGI on February 18, 2018 and sell it today you would earn a total of 1,005 from holding OMXRGI or generate 0.98% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding OMXRGI and FTSE MIB in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FTSE MIB 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 FTSE MIB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FTSE MIB has no effect on the direction of OMXRGI i.e. OMXRGI and FTSE MIB go up and down completely randomly.