This module allows you to analyze existing cross correlation between Shanghai and OMXRGI. You can compare the effects of market volatilities on Shanghai 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 Shanghai with a short position of OMXRGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Shanghai and OMXRGI.
|Time Horizon||30 Days Login to change|
Shanghai vs. OMXRGI
Assuming 30 trading days horizon, Shanghai is expected to under-perform the OMXRGI. In addition to that, Shanghai is 1.05 times more volatile than OMXRGI. It trades about -0.32 of its total potential returns per unit of risk. OMXRGI is currently generating about -0.05 per unit of volatility. If you would invest 104,711 in OMXRGI on May 20, 2018 and sell it today you would lose (1,425) from holding OMXRGI or give up 1.36% of portfolio value over 30 days.