This module allows you to analyze existing cross correlation between SPTSX Comp and NQPH. You can compare the effects of market volatilities on SPTSX Comp and NQPH 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 NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and NQPH.
|Time Horizon||30 Days Login to change|
SPTSX Comp vs. NQPH
Assuming 30 trading days horizon, SPTSX Comp is expected to generate 0.67 times more return on investment than NQPH. However, SPTSX Comp is 1.49 times less risky than NQPH. It trades about -0.03 of its potential returns per unit of risk. NQPH is currently generating about -0.25 per unit of risk. If you would invest 1,571,466 in SPTSX Comp on March 27, 2018 and sell it today you would lose (20,491) from holding SPTSX Comp or give up 1.3% of portfolio value over 30 days.