This module allows you to analyze existing cross correlation between Nasdaq and NIKKEI 225. You can compare the effects of market volatilities on Nasdaq and NIKKEI 225 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 NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of Nasdaq and NIKKEI 225.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Nasdaq is expected to generate 0.73 times more return on investment than NIKKEI 225. However, Nasdaq is 1.38 times less risky than NIKKEI 225. It trades about 0.34 of its potential returns per unit of risk. NIKKEI 225 is currently generating about 0.19 per unit of risk. If you would invest 655,677 in Nasdaq on October 26, 2017 and sell it today you would earn a total of 31,059 from holding Nasdaq or generate 4.74% return on investment over 30 days.