Correlation Analysis Between Stockholm and OSE All

This module allows you to analyze existing cross correlation between Stockholm and OSE All. You can compare the effects of market volatilities on Stockholm and OSE All 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 Stockholm with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of Stockholm and OSE All.
Horizon     30 Days    Login   to change
Symbolsvs

Stockholm  vs.  OSE All

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Stockholm is expected to generate 1.28 times less return on investment than OSE All. In addition to that, Stockholm is 1.03 times more volatile than OSE All. It trades about 0.1 of its total potential returns per unit of risk. OSE All is currently generating about 0.13 per unit of volatility. If you would invest  102,141  in OSE All on August 22, 2018 and sell it today you would earn a total of  2,481  from holding OSE All or generate 2.43% return on investment over 30 days.

Pair Corralation between Stockholm and OSE All

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

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