Correlation Analysis Between OSE All and SP 500

This module allows you to analyze existing cross correlation between OSE All and S&P 500. You can compare the effects of market volatilities on OSE All 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 OSE All with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of OSE All and SP 500.
 Time Horizon     30 Days    Login   to change

OSE All  vs.  S&P 500

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to under-perform the SP 500. In addition to that, OSE All is 1.79 times more volatile than S&P 500. It trades about -0.07 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.06 per unit of volatility. If you would invest  277,375  in S&P 500 on June 17, 2018 and sell it today you would earn a total of  2,468  from holding S&P 500 or generate 0.89% return on investment over 30 days.

Pair Corralation between OSE All and SP 500

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding OSE All and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 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 SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of OSE All i.e. OSE All and SP 500 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.