Correlation Analysis Between Greece TR and OMXRGI

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

Greece TR  vs.  OMXRGI

 Performance (%) 

Pair Volatility

If you would invest (100.00)  in OMXRGI on May 18, 2019 and sell it today you would earn a total of  100.00  from holding OMXRGI or generate -100.0% return on investment over 30 days.

Pair Corralation between Greece TR and OMXRGI

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Greece TR and OMXRGI

Greece TR diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Greece TR and OMXRGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXRGI and Greece TR 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 Greece TR are associated (or correlated) with OMXRGI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OMXRGI has no effect on the direction of Greece TR i.e. Greece TR and OMXRGI go up and down completely randomly.
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.