Correlation Analysis Between OSE All and BSE

This module allows you to analyze existing cross correlation between OSE All and BSE. You can compare the effects of market volatilities on OSE All and BSE 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 BSE. See also your portfolio center. Please also check ongoing floating volatility patterns of OSE All and BSE.
Horizon     30 Days    Login   to change
Compare Efficiency

Comparative Performance

 Predicted Return Density 

OSE All  vs.  BSE

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to generate 1.2 times more return on investment than BSE. However, OSE All is 1.2 times more volatile than BSE. It trades about 0.13 of its potential returns per unit of risk. BSE is currently generating about -0.05 per unit of risk. If you would invest  92,928  in OSE All on January 18, 2019 and sell it today you would earn a total of  5,310  from holding OSE All or generate 5.71% return on investment over 30 days.

Pair Corralation between OSE All and BSE

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns

Diversification Opportunities for OSE All and BSE

OSE All diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding OSE All and BSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BSE 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 BSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BSE has no effect on the direction of OSE All i.e. OSE All and BSE go up and down completely randomly.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.