Correlation Analysis Between Bursa Malaysia and OMXVGI

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
Check Efficiency

Comparative Performance

Bursa Malaysia  vs.  OMXVGI

 Performance (%) 

Pair Volatility

If you would invest  161,973  in Bursa Malaysia on May 18, 2019 and sell it today you would earn a total of  1,890  from holding Bursa Malaysia or generate 1.17% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and OMXVGI

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Bursa Malaysia and OMXVGI

Bursa Malaysia diversification synergy

Pay attention

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.
See also your portfolio center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .