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This module allows you to analyze existing cross correlation between Bursa Malaysia and OMXVGI. You can compare the effects of market volatilities on Bursa Malaysia and OMXVGI 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 Bursa Malaysia with a short position of OMXVGI. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and OMXVGI.
|Horizon||30 Days Login to change|
Predicted Return Density
Bursa Malaysia vs. OMXVGI
Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 1.47 times less return on investment than OMXVGI. In addition to that, Bursa Malaysia is 1.2 times more volatile than OMXVGI. It trades about 0.11 of its total potential returns per unit of risk. OMXVGI is currently generating about 0.19 per unit of volatility. If you would invest 61,913 in OMXVGI on January 18, 2019 and sell it today you would earn a total of 2,024 from holding OMXVGI or generate 3.27% return on investment over 30 days.
Pair Corralation between Bursa Malaysia and OMXVGI
|Time Period||2 Months [change]|
Diversification Opportunities for Bursa Malaysia and OMXVGI
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and OMXVGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXVGI and Bursa Malaysia 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 Bursa Malaysia are associated (or correlated) with OMXVGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXVGI has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and OMXVGI go up and down completely randomly.