Pair Correlation Between Swiss Mrt and OMX COPENHAGEN

This module allows you to analyze existing cross correlation between Swiss Mrt and OMX COPENHAGEN. You can compare the effects of market volatilities on Swiss Mrt 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 Swiss Mrt with a short position of OMX COPENHAGEN. See also your portfolio center. Please also check ongoing floating volatility patterns of Swiss Mrt and OMX COPENHAGEN.
 Time Horizon     30 Days    Login   to change
 Swiss Mrt  vs   OMX COPENHAGEN
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Swiss Mrt is expected to under-perform the OMX COPENHAGEN. In addition to that, Swiss Mrt is 1.32 times more volatile than OMX COPENHAGEN. It trades about -0.01 of its total potential returns per unit of risk. OMX COPENHAGEN is currently generating about 0.02 per unit of volatility. If you would invest  133,257  in OMX COPENHAGEN on February 18, 2018 and sell it today you would earn a total of  452.53  from holding OMX COPENHAGEN or generate 0.34% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Swiss Mrt and OMX COPENHAGEN


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

Overlapping area represents the amount of risk that can be diversified away by holding Swiss Mrt and OMX COPENHAGEN in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMX COPENHAGEN and Swiss Mrt 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 Swiss Mrt 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 Swiss Mrt i.e. Swiss Mrt and OMX COPENHAGEN go up and down completely randomly.

Comparative Volatility

 Predicted Return Density