This module allows you to analyze existing cross correlation between NQEGT and Hang Seng. You can compare the effects of market volatilities on NQEGT and Hang Seng 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 Hang Seng. See also your portfolio center. Please also check ongoing floating volatility patterns of NQEGT and Hang Seng.
|Time Horizon||30 Days Login to change|
NQEGT vs. Hang Seng
Assuming 30 trading days horizon, NQEGT is expected to under-perform the Hang Seng. But the index apears to be less risky and, when comparing its historical volatility, NQEGT is 1.35 times less risky than Hang Seng. The index trades about -0.11 of its potential returns per unit of risk. The Hang Seng is currently generating about -0.08 of returns per unit of risk over similar time horizon. If you would invest 3,104,791 in Hang Seng on May 19, 2018 and sell it today you would lose (73,842) from holding Hang Seng or give up 2.38% of portfolio value over 30 days.