This module allows you to analyze existing cross correlation between ATX and Nasdaq. You can compare the effects of market volatilities on ATX and Nasdaq 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 ATX with a short position of Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of ATX and Nasdaq.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, ATX is expected to under-perform the Nasdaq. In addition to that, ATX is 1.04 times more volatile than Nasdaq. It trades about -0.17 of its total potential returns per unit of risk. Nasdaq is currently generating about 0.22 per unit of volatility. If you would invest 658,683 in Nasdaq on October 21, 2017 and sell it today you would earn a total of 19,596 from holding Nasdaq or generate 2.98% return on investment over 30 days.