Correlation Analysis Between ISEQ and OSE All

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

 Predicted Return Density 
      Returns 

ISEQ  vs.  OSE All

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to generate 0.9 times more return on investment than OSE All. However, ISEQ is 1.11 times less risky than OSE All. It trades about 0.22 of its potential returns per unit of risk. OSE All is currently generating about 0.13 per unit of risk. If you would invest  544,379  in ISEQ on January 18, 2019 and sell it today you would earn a total of  52,548  from holding ISEQ or generate 9.65% return on investment over 30 days.

Pair Corralation between ISEQ and OSE All

0.75
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy97.44%
ValuesDaily Returns

Diversification Opportunities for ISEQ and OSE All

ISEQ diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding ISEQ and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All 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 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 ISEQ i.e. ISEQ and OSE All go up and down completely randomly.
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See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.


 
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