This module allows you to analyze existing cross correlation between OMXRGI and Russia TR. You can compare the effects of market volatilities on OMXRGI and Russia TR 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 OMXRGI with a short position of Russia TR. See also your portfolio center. Please also check ongoing floating volatility patterns of OMXRGI and Russia TR.
|Horizon||30 Days Login to change|
OMXRGI vs. Russia TR
If you would invest 101,651 in OMXRGI on May 19, 2019 and sell it today you would earn a total of 5,119 from holding OMXRGI or generate 5.04% return on investment over 30 days.
Pair Corralation between OMXRGI and Russia TR
|Time Period||2 Months [change]|
Diversification Opportunities for OMXRGI and Russia TR
Overlapping area represents the amount of risk that can be diversified away by holding OMXRGI and Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR and OMXRGI 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 OMXRGI are associated (or correlated) with Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of OMXRGI i.e. OMXRGI and Russia TR go up and down completely randomly.
See also your portfolio center. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.