This module allows you to analyze existing cross correlation between NIKKEI 225 and ATX. You can compare the effects of market volatilities on NIKKEI 225 and ATX 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 NIKKEI 225 with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and ATX.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NIKKEI 225 is expected to under-perform the ATX. In addition to that, NIKKEI 225 is 1.22 times more volatile than ATX. It trades about -0.29 of its total potential returns per unit of risk. ATX is currently generating about -0.28 per unit of volatility. If you would invest 368,157 in ATX on January 20, 2018 and sell it today you would lose (27,358) from holding ATX or give up 7.43% of portfolio value over 30 days.