Correlation Analysis Between Taiwan Wtd and OMXVGI

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

Taiwan Wtd  vs.  OMXVGI

 Performance (%) 
      Timeline 

Pair Volatility

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

Pair Corralation between Taiwan Wtd and OMXVGI

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Taiwan Wtd and OMXVGI

Taiwan Wtd diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Wtd and OMXVGI in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OMXVGI and Taiwan Wtd 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 Taiwan Wtd 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 Taiwan Wtd i.e. Taiwan Wtd and OMXVGI go up and down completely randomly.
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