This module allows you to analyze existing cross correlation between SPTSX Comp and Hang Seng. You can compare the effects of market volatilities on SPTSX Comp 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 SPTSX Comp with a short position of Hang Seng. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and Hang Seng.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, SPTSX Comp is expected to generate 0.47 times more return on investment than Hang Seng. However, SPTSX Comp is 2.11 times less risky than Hang Seng. It trades about -0.2 of its potential returns per unit of risk. Hang Seng is currently generating about -0.16 per unit of risk. If you would invest 1,623,920 in SPTSX Comp on January 26, 2018 and sell it today you would lose (60,075) from holding SPTSX Comp or give up 3.7% of portfolio value over 30 days.