This module allows you to analyze existing cross correlation between SPTSX Comp and Nasdaq. You can compare the effects of market volatilities on SPTSX Comp and Nasdaq 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 Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and Nasdaq.
|Time Horizon||30 Days Login to change|
SPTSX Comp vs. Nasdaq
Assuming 30 trading days horizon, SPTSX Comp is expected to generate 1.54 times less return on investment than Nasdaq. But when comparing it to its historical volatility, SPTSX Comp is 1.52 times less risky than Nasdaq. It trades about 0.23 of its potential returns per unit of risk. Nasdaq is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 743,385 in Nasdaq on May 25, 2018 and sell it today you would earn a total of 25,897 from holding Nasdaq or generate 3.48% return on investment over 30 days.