This module allows you to analyze existing cross correlation between Bovespa and NQEGT. You can compare the effects of market volatilities on Bovespa and NQEGT 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 Bovespa with a short position of NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of Bovespa and NQEGT.
|Time Horizon||30 Days Login to change|
Bovespa vs. NQEGT
Assuming 30 trading days horizon, Bovespa is expected to under-perform the NQEGT. In addition to that, Bovespa is 1.04 times more volatile than NQEGT. It trades about -0.02 of its total potential returns per unit of risk. NQEGT is currently generating about 0.43 per unit of volatility. If you would invest 115,969 in NQEGT on March 23, 2018 and sell it today you would earn a total of 20,951 from holding NQEGT or generate 18.07% return on investment over 30 days.