This module allows you to analyze existing cross correlation between Nasdaq and Jakarta Comp. You can compare the effects of market volatilities on Nasdaq and Jakarta 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 Nasdaq with a short position of Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Nasdaq and Jakarta Comp.
|Time Horizon||30 Days Login to change|
Nasdaq vs. Jakarta Comp
Assuming 30 trading days horizon, Nasdaq is expected to generate 743.31 times less return on investment than Jakarta Comp. But when comparing it to its historical volatility, Nasdaq is 1065.66 times less risky than Jakarta Comp. It trades about 0.71 of its potential returns per unit of risk. Jakarta Comp is currently generating about 0.49 of returns per unit of risk over similar time horizon. If you would invest 586,046 in Jakarta Comp on May 21, 2018 and sell it today you would earn a total of 2,358 from holding Jakarta Comp or generate 0.4% return on investment over 30 days.