This module allows you to analyze existing cross correlation between DAX and NQEGT. You can compare the effects of market volatilities on DAX 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 DAX with a short position of NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of DAX and NQEGT.
|Time Horizon||30 Days Login to change|
DAX vs. NQEGT
Assuming 30 trading days horizon, DAX is expected to under-perform the NQEGT. In addition to that, DAX is 1.01 times more volatile than NQEGT. It trades about -0.11 of its total potential returns per unit of risk. NQEGT is currently generating about -0.09 per unit of volatility. If you would invest 129,194 in NQEGT on May 21, 2018 and sell it today you would lose (2,777) from holding NQEGT or give up 2.15% of portfolio value over 30 days.