Correlation Analysis Between Nasdaq and OSE All

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

Nasdaq  vs.  OSE All

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to generate 0.83 times more return on investment than OSE All. However, Nasdaq is 1.2 times less risky than OSE All. It trades about 0.07 of its potential returns per unit of risk. OSE All is currently generating about -0.05 per unit of risk. If you would invest  772,559  in Nasdaq on June 19, 2018 and sell it today you would earn a total of  12,885  from holding Nasdaq or generate 1.67% return on investment over 30 days.

Pair Corralation between Nasdaq and OSE All

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq and OSE All in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OSE All and Nasdaq 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 Nasdaq 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 Nasdaq i.e. Nasdaq and OSE All go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.