This module allows you to analyze existing cross correlation between NQEGT and Nasdaq. You can compare the effects of market volatilities on NQEGT and Nasdaq 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 Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of NQEGT and Nasdaq.
|Time Horizon||30 Days Login to change|
NQEGT vs. Nasdaq
Assuming 30 trading days horizon, NQEGT is expected to under-perform the Nasdaq. In addition to that, NQEGT is 1.29 times more volatile than Nasdaq. It trades about -0.21 of its total potential returns per unit of risk. Nasdaq is currently generating about 0.23 per unit of volatility. If you would invest 705,420 in Nasdaq on April 21, 2018 and sell it today you would earn a total of 33,984 from holding Nasdaq or generate 4.82% return on investment over 30 days.