This module allows you to analyze existing cross correlation between IBEX 35 and Greece TR. You can compare the effects of market volatilities on IBEX 35 and Greece TR 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 IBEX 35 with a short position of Greece TR. See also your portfolio center. Please also check ongoing floating volatility patterns of IBEX 35 and Greece TR.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, IBEX 35 is expected to under-perform the Greece TR. But the index apears to be less risky and, when comparing its historical volatility, IBEX 35 is 1.23 times less risky than Greece TR. The index trades about -0.31 of its potential returns per unit of risk. The Greece TR is currently generating about -0.21 of returns per unit of risk over similar time horizon. If you would invest 65,498 in Greece TR on January 26, 2018 and sell it today you would lose (4,024) from holding Greece TR or give up 6.14% of portfolio value over 30 days.