This module allows you to analyze existing cross correlation between OMXVGI and S&P 500. You can compare the effects of market volatilities on OMXVGI and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and SP 500.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, OMXVGI is expected to under-perform the SP 500. In addition to that, OMXVGI is 1.06 times more volatile than S&P 500. It trades about -0.22 of its total potential returns per unit of risk. S&P 500 is currently generating about -0.12 per unit of volatility. If you would invest 287,287 in S&P 500 on January 26, 2018 and sell it today you would lose (12,557) from holding S&P 500 or give up 4.37% of portfolio value over 30 days.