Pair Correlation Between OSE All and ISEQ

This module allows you to analyze existing cross correlation between OSE All and ISEQ. You can compare the effects of market volatilities on OSE All and ISEQ 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 ISEQ. See also your portfolio center. Please also check ongoing floating volatility patterns of OSE All and ISEQ.
 Time Horizon     30 Days    Login   to change
 OSE All  vs   ISEQ
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 1.42 times more return on investment than ISEQ. However, OSE All is 1.42 times more volatile than ISEQ. It trades about -0.07 of its potential returns per unit of risk. ISEQ is currently generating about -0.27 per unit of risk. If you would invest  90,902  in OSE All on February 22, 2018 and sell it today you would lose (1,487)  from holding OSE All or give up 1.64% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between OSE All and ISEQ


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

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

Comparative Volatility

 Predicted Return Density