This module allows you to analyze existing cross correlation between NIKKEI 225 and Nasdaq. You can compare the effects of market volatilities on NIKKEI 225 and Nasdaq 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 Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and Nasdaq.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NIKKEI 225 is expected to generate 1.34 times less return on investment than Nasdaq. In addition to that, NIKKEI 225 is 1.51 times more volatile than Nasdaq. It trades about 0.24 of its total potential returns per unit of risk. Nasdaq is currently generating about 0.5 per unit of volatility. If you would invest 695,996 in Nasdaq on December 22, 2017 and sell it today you would earn a total of 37,642 from holding Nasdaq or generate 5.41% return on investment over 30 days.