This module allows you to analyze existing cross correlation between NQEGT and EURONEXT BEL-20. You can compare the effects of market volatilities on NQEGT and EURONEXT BEL-20 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 NQEGT with a short position of EURONEXT BEL-20. See also your portfolio center. Please also check ongoing floating volatility patterns of NQEGT and EURONEXT BEL-20.
|Time Horizon||30 Days Login to change|
NQEGT vs. EURONEXT BEL-20
Assuming 30 trading days horizon, NQEGT is expected to generate 2.57 times more return on investment than EURONEXT BEL-20. However, NQEGT is 2.57 times more volatile than EURONEXT BEL-20. It trades about 0.01 of its potential returns per unit of risk. EURONEXT BEL-20 is currently generating about -0.17 per unit of risk. If you would invest 127,637 in NQEGT on May 20, 2018 and sell it today you would lose (2,019) from holding NQEGT or give up 1.58% of portfolio value over 30 days.