This module allows you to analyze existing cross correlation between SPTSX Comp and S&P 500. You can compare the effects of market volatilities on SPTSX Comp and SP 500 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 SPTSX Comp with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and SP 500.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, SPTSX Comp is expected to generate 1.45 times less return on investment than SP 500. But when comparing it to its historical volatility, SPTSX Comp is 1.61 times less risky than SP 500. It trades about 0.08 of its potential returns per unit of risk. S&P 500 is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 271,626 in S&P 500 on February 18, 2018 and sell it today you would earn a total of 3,575 from holding S&P 500 or generate 1.32% return on investment over 30 days.