- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between OSE All and ATX. You can compare the effects of market volatilities on OSE All and ATX 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 OSE All with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of OSE All and ATX.
|Horizon||30 Days Login to change|
Predicted Return Density
OSE All vs. ATX
Assuming 30 trading days horizon, OSE All is expected to generate 1.68 times less return on investment than ATX. But when comparing it to its historical volatility, OSE All is 1.7 times less risky than ATX. It trades about 0.13 of its potential returns per unit of risk. ATX is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 275,027 in ATX on January 18, 2019 and sell it today you would earn a total of 27,349 from holding ATX or generate 9.94% return on investment over 30 days.
Pair Corralation between OSE All and ATX
|Time Period||2 Months [change]|
Diversification Opportunities for OSE All and ATX
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding OSE All and ATX in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATX and OSE All 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 OSE All are associated (or correlated) with ATX. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATX has no effect on the direction of OSE All i.e. OSE All and ATX go up and down completely randomly.