This module allows you to analyze existing cross correlation between Nasdaq and DAX. You can compare the effects of market volatilities on Nasdaq and DAX 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 Nasdaq with a short position of DAX. See also your portfolio center. Please also check ongoing floating volatility patterns of Nasdaq and DAX.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Nasdaq is expected to generate 0.84 times more return on investment than DAX. However, Nasdaq is 1.19 times less risky than DAX. It trades about 0.43 of its potential returns per unit of risk. DAX is currently generating about -0.02 per unit of risk. If you would invest 696,385 in Nasdaq on December 19, 2017 and sell it today you would earn a total of 33,443 from holding Nasdaq or generate 4.8% return on investment over 30 days.