- Companies in United States
- Peer Analysis
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.
|Horizon||30 Days Login to change|
Predicted Return Density
OMXVGI vs. AEX Amsterdam
Assuming 30 trading days horizon, OMXVGI is expected to under-perform the AEX Amsterdam. But the index apears to be less risky and, when comparing its historical volatility, OMXVGI is 2.03 times less risky than AEX Amsterdam. The index trades about -0.23 of its potential returns per unit of risk. The AEX Amsterdam is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 51,469 in AEX Amsterdam on November 14, 2018 and sell it today you would lose (816.00) from holding AEX Amsterdam or give up 1.59% of portfolio value over 30 days.
Pair Corralation between OMXVGI and AEX Amsterdam
|Time Period||2 Months [change]|
Diversification Opportunities for OMXVGI and AEX Amsterdam
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.