This module allows you to analyze existing cross correlation between OMXVGI and Bovespa. You can compare the effects of market volatilities on OMXVGI and Bovespa 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 Bovespa. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and Bovespa.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, OMXVGI is expected to under-perform the Bovespa. In addition to that, OMXVGI is 1.22 times more volatile than Bovespa. It trades about -0.22 of its total potential returns per unit of risk. Bovespa is currently generating about 0.08 per unit of volatility. If you would invest 8,553,084 in Bovespa on January 26, 2018 and sell it today you would earn a total of 176,240 from holding Bovespa or generate 2.06% return on investment over 30 days.