This module allows you to analyze existing cross correlation between All Ords and ATX. You can compare the effects of market volatilities on All Ords 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 All Ords with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and ATX.
|Time Horizon||30 Days Login to change|
All Ords vs. ATX
Assuming 30 trading days horizon, All Ords is expected to under-perform the ATX. But the index apears to be less risky and, when comparing its historical volatility, All Ords is 1.4 times less risky than ATX. The index trades about -0.07 of its potential returns per unit of risk. The ATX is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 340,994 in ATX on March 27, 2018 and sell it today you would earn a total of 10,942 from holding ATX or generate 3.21% return on investment over 30 days.