This module allows you to analyze existing cross correlation between Bovespa and NYSE. You can compare the effects of market volatilities on Bovespa and NYSE 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 NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Bovespa and NYSE.
|Time Horizon||30 Days Login to change|
Bovespa vs. NYSE
Assuming 30 trading days horizon, Bovespa is expected to under-perform the NYSE. In addition to that, Bovespa is 2.35 times more volatile than NYSE. It trades about -0.42 of its total potential returns per unit of risk. NYSE is currently generating about 0.03 per unit of volatility. If you would invest 1,268,701 in NYSE on May 19, 2018 and sell it today you would earn a total of 4,763 from holding NYSE or generate 0.38% return on investment over 30 days.