This module allows you to analyze existing cross correlation between NIKKEI 225 and NQPH. You can compare the effects of market volatilities on NIKKEI 225 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 NIKKEI 225 with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and NQPH.
|Time Horizon||30 Days Login to change|
NIKKEI 225 vs. NQPH
Assuming 30 trading days horizon, NIKKEI 225 is expected to generate 0.75 times more return on investment than NQPH. However, NIKKEI 225 is 1.32 times less risky than NQPH. It trades about -0.04 of its potential returns per unit of risk. NQPH is currently generating about -0.28 per unit of risk. If you would invest 2,296,034 in NIKKEI 225 on May 22, 2018 and sell it today you would lose (26,730) from holding NIKKEI 225 or give up 1.16% of portfolio value over 30 days.