This module allows you to analyze existing cross correlation between SPTSX Comp and NZSE. You can compare the effects of market volatilities on SPTSX Comp and NZSE 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 NZSE. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and NZSE.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, SPTSX Comp is expected to under-perform the NZSE. In addition to that, SPTSX Comp is 1.37 times more volatile than NZSE. It trades about -0.11 of its total potential returns per unit of risk. NZSE is currently generating about 0.29 per unit of volatility. If you would invest 831,577 in NZSE on February 22, 2018 and sell it today you would earn a total of 28,504 from holding NZSE or generate 3.43% return on investment over 30 days.