This module allows you to analyze existing cross correlation between ATX and Madrid Gnrl. You can compare the effects of market volatilities on ATX and Madrid Gnrl 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 Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of ATX and Madrid Gnrl.
|Time Horizon||30 Days Login to change|
ATX vs. Madrid Gnrl
Given the investment horizon of 30 days, ATX is expected to under-perform the Madrid Gnrl. But the index apears to be less risky and, when comparing its historical volatility, ATX is 1.32 times less risky than Madrid Gnrl. The index trades about -0.21 of its potential returns per unit of risk. The Madrid Gnrl is currently generating about -0.13 of returns per unit of risk over similar time horizon. If you would invest 101,883 in Madrid Gnrl on May 20, 2018 and sell it today you would lose (3,087) from holding Madrid Gnrl or give up 3.03% of portfolio value over 30 days.