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.
Horizon     30 Days    Login   to change

OSE All  vs.  Stockholm

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 1.02 times more return on investment than Stockholm. However, OSE All is 1.02 times more volatile than Stockholm. It trades about -0.03 of its potential returns per unit of risk. Stockholm is currently generating about -0.2 per unit of risk. If you would invest  103,750  in OSE All on September 18, 2018 and sell it today you would lose (847.00)  from holding OSE All or give up 0.82% of portfolio value over 30 days.

Pair Corralation between OSE All and Stockholm

Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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.

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.