Correlation Analysis Between All Ords and OSE All

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

Comparative Performance

 Predicted Return Density 

All Ords  vs.  OSE All

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to generate 0.62 times more return on investment than OSE All. However, All Ords is 1.62 times less risky than OSE All. It trades about 0.51 of its potential returns per unit of risk. OSE All is currently generating about 0.21 per unit of risk. If you would invest  563,270  in All Ords on January 20, 2019 and sell it today you would earn a total of  55,150  from holding All Ords or generate 9.79% return on investment over 30 days.

Pair Corralation between All Ords and OSE All

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for All Ords and OSE All

All Ords diversification synergy

Very weak diversification

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

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