This module allows you to analyze existing cross correlation between SPTSX Comp and NQEGT. You can compare the effects of market volatilities on SPTSX Comp and NQEGT 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 NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and NQEGT.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, SPTSX Comp is expected to generate 1.35 times less return on investment than NQEGT. But when comparing it to its historical volatility, SPTSX Comp is 3.1 times less risky than NQEGT. It trades about 0.14 of its potential returns per unit of risk. NQEGT is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 103,680 in NQEGT on October 20, 2017 and sell it today you would earn a total of 1,124 from holding NQEGT or generate 1.08% return on investment over 30 days.