Correlation Analysis Between Madrid Gnrl and OMX COPENHAGEN

This module allows you to analyze existing cross correlation between Madrid Gnrl and OMX COPENHAGEN. You can compare the effects of market volatilities on Madrid Gnrl and OMX COPENHAGEN 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 Madrid Gnrl with a short position of OMX COPENHAGEN. See also your portfolio center. Please also check ongoing floating volatility patterns of Madrid Gnrl and OMX COPENHAGEN.
Horizon     30 Days    Login   to change
Symbolsvs

Madrid Gnrl  vs.  OMX COPENHAGEN

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  96,201  in Madrid Gnrl on August 27, 2018 and sell it today you would earn a total of  0.00  from holding Madrid Gnrl or generate 0.0% return on investment over 30 days.

Pair Corralation between Madrid Gnrl and OMX COPENHAGEN

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

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