This module allows you to analyze existing cross correlation between NQEGT and DOW. You can compare the effects of market volatilities on NQEGT and DOW 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 DOW. See also your portfolio center. Please also check ongoing floating volatility patterns of NQEGT and DOW.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NQEGT is expected to generate 0.6 times more return on investment than DOW. However, NQEGT is 1.65 times less risky than DOW. It trades about -0.08 of its potential returns per unit of risk. DOW is currently generating about -0.08 per unit of risk. If you would invest 116,639 in NQEGT on January 19, 2018 and sell it today you would lose (2,045) from holding NQEGT or give up 1.75% of portfolio value over 30 days.