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|
ISEQ vs. OSE All
Assuming 30 trading days horizon, ISEQ is expected to under-perform the OSE All. In addition to that, ISEQ is 1.11 times more volatile than OSE All. It trades about -0.18 of its total potential returns per unit of risk. OSE All is currently generating about -0.18 per unit of volatility. If you would invest 101,698 in OSE All on May 18, 2019 and sell it today you would lose (5,502) from holding OSE All or give up 5.41% of portfolio value over 30 days.
Pair Corralation between ISEQ and OSE All
|Time Period||2 Months [change]|
Diversification Opportunities for ISEQ and OSE All
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.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.