Pair Correlation Between OMXVGI and AEX Amsterdam

This module allows you to analyze existing cross correlation between OMXVGI and AEX Amsterdam. You can compare the effects of market volatilities on OMXVGI and AEX Amsterdam 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 OMXVGI with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and AEX Amsterdam.
 Time Horizon     30 Days    Login   to change
 OMXVGI  vs   AEX Amsterdam
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OMXVGI is expected to generate 2.09 times more return on investment than AEX Amsterdam. However, OMXVGI is 2.09 times more volatile than AEX Amsterdam. It trades about 0.03 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.25 per unit of risk. If you would invest  66,776  in OMXVGI on January 21, 2018 and sell it today you would earn a total of  653.00  from holding OMXVGI or generate 0.98% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between OMXVGI and AEX Amsterdam


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density