This module allows you to analyze existing cross correlation between Russell 2000 and OMXRGI. You can compare the effects of market volatilities on Russell 2000 and OMXRGI 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 Russell 2000 with a short position of OMXRGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Russell 2000 and OMXRGI.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Russell 2000 is expected to under-perform the OMXRGI. In addition to that, Russell 2000 is 1.37 times more volatile than OMXRGI. It trades about -0.13 of its total potential returns per unit of risk. OMXRGI is currently generating about -0.06 per unit of volatility. If you would invest 103,867 in OMXRGI on January 22, 2018 and sell it today you would lose (1,442) from holding OMXRGI or give up 1.39% of portfolio value over 30 days.