This module allows you to analyze existing cross correlation between S&P 500 and Hang Seng. You can compare the effects of market volatilities on SP 500 and Hang Seng 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 Hang Seng. See also your portfolio center. Please also check ongoing floating volatility patterns of SP 500 and Hang Seng.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.9 times more return on investment than Hang Seng. However, S&P 500 is 1.11 times less risky than Hang Seng. It trades about -0.1 of its potential returns per unit of risk. Hang Seng is currently generating about -0.11 per unit of risk. If you would invest 283,297 in S&P 500 on January 20, 2018 and sell it today you would lose (10,075) from holding S&P 500 or give up 3.56% of portfolio value over 30 days.