Correlation Analysis Between XU100 and OSE All

This module allows you to analyze existing cross correlation between XU100 and OSE All. You can compare the effects of market volatilities on XU100 and OSE All 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 XU100 with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of XU100 and OSE All.
 Time Horizon     30 Days    Login   to change
Symbolsvs

XU100  vs.  OSE All

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, XU100 is expected to under-perform the OSE All. In addition to that, XU100 is 1.72 times more volatile than OSE All. It trades about -0.03 of its total potential returns per unit of risk. OSE All is currently generating about -0.03 per unit of volatility. If you would invest  100,551  in OSE All on June 22, 2018 and sell it today you would lose (1,091)  from holding OSE All or give up 1.09% of portfolio value over 30 days.

Pair Corralation between XU100 and OSE All

1.0
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy96.67%
ValuesDaily Returns

Diversification

No risk reduction

Overlapping area represents the amount of risk that can be diversified away by holding XU100 and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and XU100 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 XU100 are associated (or correlated) with OSE All. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OSE All has no effect on the direction of XU100 i.e. XU100 and OSE All go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.96

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