Correlation Analysis Between OSE All and Stockholm

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

OSE All  vs.  Stockholm

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to under-perform the Stockholm. In addition to that, OSE All is 1.47 times more volatile than Stockholm. It trades about -0.06 of its total potential returns per unit of risk. Stockholm is currently generating about -0.02 per unit of volatility. If you would invest  57,952  in Stockholm on June 15, 2018 and sell it today you would lose (259.00)  from holding Stockholm or give up 0.45% of portfolio value over 30 days.

Pair Corralation between OSE All and Stockholm

1.0
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy96.43%
ValuesDaily Returns

Diversification

No risk reduction

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

 Predicted Return Density 
      Returns 

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.