Correlation Analysis Between OSE All and IPC

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

OSE All  vs.  IPC

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 0.78 times more return on investment than IPC. However, OSE All is 1.28 times less risky than IPC. It trades about -0.12 of its potential returns per unit of risk. IPC is currently generating about -0.18 per unit of risk. If you would invest  101,868  in OSE All on November 12, 2018 and sell it today you would lose (7,468)  from holding OSE All or give up 7.33% of portfolio value over 30 days.

Pair Corralation between OSE All and IPC

0.84
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy97.62%
ValuesDaily Returns

Diversification

OSE All diversification synergy

Very poor diversification

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

 Predicted Return Density 
      Returns 

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Alphabet
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ExchangeNASDAQ
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