Pair Correlation Between OSE All and Shanghai

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

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 0.77 times more return on investment than Shanghai. However, OSE All is 1.3 times less risky than Shanghai. It trades about -0.05 of its potential returns per unit of risk. Shanghai is currently generating about -0.37 per unit of risk. If you would invest  93,218  in OSE All on January 25, 2018 and sell it today you would lose (1,159)  from holding OSE All or give up 1.24% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between OSE All and Shanghai


Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density