This module allows you to analyze existing cross correlation between OMXVGI and DAX. You can compare the effects of market volatilities on OMXVGI and DAX 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 DAX. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and DAX.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, OMXVGI is expected to under-perform the DAX. In addition to that, OMXVGI is 1.52 times more volatile than DAX. It trades about -0.22 of its total potential returns per unit of risk. DAX is currently generating about -0.27 per unit of volatility. If you would invest 1,334,017 in DAX on January 26, 2018 and sell it today you would lose (85,638) from holding DAX or give up 6.42% of portfolio value over 30 days.