This module allows you to analyze existing cross correlation between Hang Seng and ATX. You can compare the effects of market volatilities on Hang Seng and ATX 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 Hang Seng with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and ATX.
|Time Horizon||30 Days Login to change|
Hang Seng vs. ATX
Given the investment horizon of 30 days, Hang Seng is expected to generate 1.23 times more return on investment than ATX. However, Hang Seng is 1.23 times more volatile than ATX. It trades about -0.16 of its potential returns per unit of risk. ATX is currently generating about -0.22 per unit of risk. If you would invest 3,104,791 in Hang Seng on May 20, 2018 and sell it today you would lose (157,976) from holding Hang Seng or give up 5.09% of portfolio value over 30 days.