This module allows you to analyze existing cross correlation between SPTSX Comp and OSE All. You can compare the effects of market volatilities on SPTSX Comp 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 SPTSX Comp with a short position of OSE All. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and OSE All.
|Horizon||30 Days Login to change|
SPTSX Comp vs. OSE All
If you would invest (100.00) in SPTSX Comp on May 18, 2019 and sell it today you would earn a total of 100.00 from holding SPTSX Comp or generate -100.0% return on investment over 30 days.
Pair Corralation between SPTSX Comp and OSE All
|Time Period||2 Months [change]|
Diversification Opportunities for SPTSX Comp and OSE All
Overlapping area represents the amount of risk that can be diversified away by holding SPTSX Comp and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and SPTSX Comp 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 SPTSX Comp 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 SPTSX Comp i.e. SPTSX Comp and OSE All go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.