This module allows you to analyze existing cross correlation between OMXVGI and DOW. You can compare the effects of market volatilities on OMXVGI and DOW 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 DOW. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and DOW.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, OMXVGI is expected to generate 1.89 times less return on investment than DOW. But when comparing it to its historical volatility, OMXVGI is 1.06 times less risky than DOW. It trades about 0.31 of its potential returns per unit of risk. DOW is currently generating about 0.55 of returns per unit of risk over similar time horizon. If you would invest 2,478,229 in DOW on December 21, 2017 and sell it today you would earn a total of 123,552 from holding DOW or generate 4.99% return on investment over 30 days.