Correlation Analysis Between OSE All and ATX

This module allows you to analyze existing cross correlation between OSE All and ATX. You can compare the effects of market volatilities on OSE All and ATX 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 OSE All with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of OSE All and ATX.
Horizon     30 Days    Login   to change

OSE All  vs.  ATX

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 1.38 times less return on investment than ATX. In addition to that, OSE All is 1.11 times more volatile than ATX. It trades about 0.13 of its total potential returns per unit of risk. ATX is currently generating about 0.2 per unit of volatility. If you would invest  326,407  in ATX on August 21, 2018 and sell it today you would earn a total of  11,114  from holding ATX or generate 3.4% return on investment over 30 days.

Pair Corralation between OSE All and ATX

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

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