This module allows you to analyze existing cross correlation between S&P 500 and ATX. You can compare the effects of market volatilities on SP 500 and ATX 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 SP 500 with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of SP 500 and ATX.
|Time Horizon||30 Days Login to change|
S&P 500 vs. ATX
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.58 times more return on investment than ATX. However, S&P 500 is 1.73 times less risky than ATX. It trades about 0.07 of its potential returns per unit of risk. ATX is currently generating about -0.18 per unit of risk. If you would invest 272,776 in S&P 500 on May 24, 2018 and sell it today you would earn a total of 2,712 from holding S&P 500 or generate 0.99% return on investment over 30 days.