This module allows you to analyze existing cross correlation between NIKKEI 225 and MerVal. You can compare the effects of market volatilities on NIKKEI 225 and MerVal 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 MerVal. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and MerVal.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NIKKEI 225 is expected to generate 3.48 times less return on investment than MerVal. But when comparing it to its historical volatility, NIKKEI 225 is 1.53 times less risky than MerVal. It trades about 0.24 of its potential returns per unit of risk. MerVal is currently generating about 0.56 of returns per unit of risk over similar time horizon. If you would invest 2,893,154 in MerVal on December 22, 2017 and sell it today you would earn a total of 466,016 from holding MerVal or generate 16.11% return on investment over 30 days.