- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between OMXVGI and OMX COPENHAGEN. You can compare the effects of market volatilities on OMXVGI and OMX COPENHAGEN 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 OMX COPENHAGEN. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXVGI and OMX COPENHAGEN.
|Horizon||30 Days Login to change|
Predicted Return Density
OMXVGI vs. OMX COPENHAGEN
Assuming 30 trading days horizon, OMXVGI is expected to under-perform the OMX COPENHAGEN. But the index apears to be less risky and, when comparing its historical volatility, OMXVGI is 2.28 times less risky than OMX COPENHAGEN. The index trades about -0.39 of its potential returns per unit of risk. The OMX COPENHAGEN is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest 130,067 in OMX COPENHAGEN on November 18, 2018 and sell it today you would lose (1,672) from holding OMX COPENHAGEN or give up 1.29% of portfolio value over 30 days.
Pair Corralation between OMXVGI and OMX COPENHAGEN
|Time Period||2 Months [change]|
Diversification Opportunities for OMXVGI and OMX COPENHAGEN
Overlapping area represents the amount of risk that can be diversified away by holding OMXVGI and OMX COPENHAGEN in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMX COPENHAGEN 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 OMX COPENHAGEN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMX COPENHAGEN has no effect on the direction of OMXVGI i.e. OMXVGI and OMX COPENHAGEN go up and down completely randomly.