This module allows you to analyze existing cross correlation between S&P 500 and NQPH. You can compare the effects of market volatilities on SP 500 and NQPH 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 NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of SP 500 and NQPH.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, SP 500 is expected to generate 1.26 times less return on investment than NQPH. But when comparing it to its historical volatility, S&P 500 is 2.29 times less risky than NQPH. It trades about 0.2 of its potential returns per unit of risk. NQPH is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 116,243 in NQPH on October 25, 2017 and sell it today you would earn a total of 2,334 from holding NQPH or generate 2.01% return on investment over 30 days.