This module allows you to analyze existing cross correlation between MerVal and NQPH. You can compare the effects of market volatilities on MerVal and NQPH 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 MerVal with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of MerVal and NQPH.
|Time Horizon||30 Days Login to change|
MerVal vs. NQPH
Assuming 30 trading days horizon, MerVal is expected to under-perform the NQPH. In addition to that, MerVal is 1.6 times more volatile than NQPH. It trades about -0.11 of its total potential returns per unit of risk. NQPH is currently generating about -0.14 per unit of volatility. If you would invest 104,390 in NQPH on May 19, 2018 and sell it today you would lose (4,843) from holding NQPH or give up 4.64% of portfolio value over 30 days.