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|
Given the investment horizon of 30 days, ATX is expected to generate 1.16 times more return on investment than Madrid Gnrl. However, ATX is 1.16 times more volatile than Madrid Gnrl. It trades about -0.26 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.32 per unit of risk. If you would invest 365,626 in ATX on January 26, 2018 and sell it today you would lose (25,740) from holding ATX or give up 7.04% of portfolio value over 30 days.