|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between S&P 500 and SPY Inc. You can compare the effects of market volatilities on SP 500 and SPY Inc 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 SPY Inc. Please also check ongoing floating volatility patterns of SP 500 and SPY Inc.S&P 500 vs SPY Inc.
|Daily Returns (%)|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.05 times more return on investment than SPY Inc. However, S&P 500 is 19.83 times less risky than SPY Inc. It trades about -0.05 of its potential returns per unit of risk. SPY Inc is currently generating about -0.18 per unit of risk. If you would invest 210,405 in S&P 500 on October 31, 2015 and sell it today you would lose (1,394) from holding S&P 500 or give up 0.66% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for SP 500
Pair trading matchups for SPY Inc