This module allows you to analyze existing cross correlation between Hang Seng and NYSE. You can compare the effects of market volatilities on Hang Seng and NYSE 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 NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and NYSE.
|Time Horizon||30 Days Login to change|
Hang Seng vs. NYSE
Given the investment horizon of 30 days, Hang Seng is expected to under-perform the NYSE. In addition to that, Hang Seng is 1.1 times more volatile than NYSE. It trades about -0.04 of its total potential returns per unit of risk. NYSE is currently generating about -0.02 per unit of volatility. If you would invest 1,271,175 in NYSE on March 24, 2018 and sell it today you would lose (16,892) from holding NYSE or give up 1.33% of portfolio value over 30 days.