This module allows you to analyze existing cross correlation between OMXVGI and NIKKEI 225. You can compare the effects of market volatilities on OMXVGI and NIKKEI 225 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 NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and NIKKEI 225.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, OMXVGI is expected to generate 1.45 times more return on investment than NIKKEI 225. However, OMXVGI is 1.45 times more volatile than NIKKEI 225. It trades about 0.02 of its potential returns per unit of risk. NIKKEI 225 is currently generating about -0.23 per unit of risk. If you would invest 66,776 in OMXVGI on January 22, 2018 and sell it today you would earn a total of 273.00 from holding OMXVGI or generate 0.41% return on investment over 30 days.