- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between ISEQ and OMX COPENHAGEN. You can compare the effects of market volatilities on ISEQ and OMX COPENHAGEN 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 ISEQ with a short position of OMX COPENHAGEN. See also your portfolio center. Please also check ongoing floating volatility patterns of ISEQ and OMX COPENHAGEN.
|Horizon||30 Days Login to change|
Predicted Return Density
ISEQ vs. OMX COPENHAGEN
Assuming 30 trading days horizon, ISEQ is expected to generate 1.09 times more return on investment than OMX COPENHAGEN. However, ISEQ is 1.09 times more volatile than OMX COPENHAGEN. It trades about 0.27 of its potential returns per unit of risk. OMX COPENHAGEN is currently generating about 0.24 per unit of risk. If you would invest 538,370 in ISEQ on January 20, 2019 and sell it today you would earn a total of 59,321 from holding ISEQ or generate 11.02% return on investment over 30 days.
Pair Corralation between ISEQ and OMX COPENHAGEN
|Time Period||2 Months [change]|
Diversification Opportunities for ISEQ and OMX COPENHAGEN
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding ISEQ and OMX COPENHAGEN in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMX COPENHAGEN and ISEQ 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 ISEQ are associated (or correlated) with OMX COPENHAGEN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMX COPENHAGEN has no effect on the direction of ISEQ i.e. ISEQ and OMX COPENHAGEN go up and down completely randomly.