Pair Correlation Between OSE All and Russia TR

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

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to under-perform the Russia TR. But the index apears to be less risky and, when comparing its historical volatility, OSE All is 1.62 times less risky than Russia TR. The index trades about -0.05 of its potential returns per unit of risk. The Russia TR is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest  119,457  in Russia TR on January 25, 2018 and sell it today you would lose (809.08)  from holding Russia TR or give up 0.68% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between OSE All and Russia TR


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 Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of OSE All i.e. OSE All and Russia TR go up and down completely randomly.

Comparative Volatility

 Predicted Return Density