Pair Correlation Between OMXVGI and FTSE 100

This module allows you to analyze existing cross correlation between OMXVGI and FTSE 100. You can compare the effects of market volatilities on OMXVGI and FTSE 100 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 FTSE 100. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and FTSE 100.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 OMXVGI  vs   FTSE 100
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  65,668  in OMXVGI on October 23, 2017 and sell it today you would earn a total of  372  from holding OMXVGI or generate 0.57% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between OMXVGI and FTSE 100
0.63

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy5.0%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding OMXVGI and FTSE 100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FTSE 100 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 FTSE 100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FTSE 100 has no effect on the direction of OMXVGI i.e. OMXVGI and FTSE 100 go up and down completely randomly.
    Optimize

Comparative Volatility

 Predicted Return Density 
      Returns