This module allows you to analyze existing cross correlation between NIKKEI 225 and S&P 500. You can compare the effects of market volatilities on NIKKEI 225 and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and SP 500.
|Time Horizon||30 Days Login to change|
NIKKEI 225 vs. S&P 500
Assuming 30 trading days horizon, NIKKEI 225 is expected to generate 0.8 times more return on investment than SP 500. However, NIKKEI 225 is 1.26 times less risky than SP 500. It trades about 0.02 of its potential returns per unit of risk. S&P 500 is currently generating about -0.02 per unit of risk. If you would invest 2,192,510 in NIKKEI 225 on March 22, 2018 and sell it today you would earn a total of 23,714 from holding NIKKEI 225 or generate 1.08% return on investment over 30 days.