This module allows you to analyze existing cross correlation between Bovespa and Straits Tms. You can compare the effects of market volatilities on Bovespa and Straits Tms 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 Straits Tms. See also your portfolio center. Please also check ongoing floating volatility patterns of Bovespa and Straits Tms.
|Time Horizon||30 Days Login to change|
Bovespa vs. Straits Tms
Assuming 30 trading days horizon, Bovespa is expected to under-perform the Straits Tms. In addition to that, Bovespa is 1.61 times more volatile than Straits Tms. It trades about -0.34 of its total potential returns per unit of risk. Straits Tms is currently generating about -0.42 per unit of volatility. If you would invest 354,318 in Straits Tms on May 22, 2018 and sell it today you would lose (22,728) from holding Straits Tms or give up 6.41% of portfolio value over 30 days.