This module allows you to analyze existing cross correlation between DOW and OMXRGI. You can compare the effects of market volatilities on DOW 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 DOW with a short position of OMXRGI. See also your portfolio center
. Please also check ongoing floating volatility patterns of DOW
DOW vs OMXRGI
If you would invest 2,344,176 in DOW on October 24, 2017 and sell it today you would earn a total of 14,907 from holding DOW or generate 0.64% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding DOW and OMXRGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXRGI and DOW 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 DOW are associated (or correlated) with OMXRGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXRGI has no effect on the direction of DOW i.e. DOW and OMXRGI go up and down completely randomly.