This module allows you to analyze existing cross correlation between Hang Seng and SPTSX Comp. You can compare the effects of market volatilities on Hang Seng and SPTSX Comp 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 SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and SPTSX Comp.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Hang Seng is expected to under-perform the SPTSX Comp. In addition to that, Hang Seng is 2.06 times more volatile than SPTSX Comp. It trades about -0.18 of its total potential returns per unit of risk. SPTSX Comp is currently generating about -0.3 per unit of volatility. If you would invest 1,635,760 in SPTSX Comp on January 23, 2018 and sell it today you would lose (83,359) from holding SPTSX Comp or give up 5.1% of portfolio value over 30 days.