- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between BSE and OSE All. You can compare the effects of market volatilities on BSE 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 BSE with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of BSE and OSE All.
|Horizon||30 Days Login to change|
Predicted Return Density
BSE vs. OSE All
Assuming 30 trading days horizon, BSE is expected to under-perform the OSE All. But the index apears to be less risky and, when comparing its historical volatility, BSE is 1.2 times less risky than OSE All. The index trades about -0.05 of its potential returns per unit of risk. The OSE All is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 92,928 in OSE All on January 18, 2019 and sell it today you would earn a total of 5,310 from holding OSE All or generate 5.71% return on investment over 30 days.
Pair Corralation between BSE and OSE All
|Time Period||2 Months [change]|
Diversification Opportunities for BSE and OSE All
Overlapping area represents the amount of risk that can be diversified away by holding BSE and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and BSE 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 BSE 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 BSE i.e. BSE and OSE All go up and down completely randomly.