This module allows you to analyze existing cross correlation between NQEGT and NQPH. You can compare the effects of market volatilities on NQEGT 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 NQEGT with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of NQEGT and NQPH.
|Time Horizon||30 Days Login to change|
NQEGT vs. NQPH
Assuming 30 trading days horizon, NQEGT is expected to generate 0.74 times more return on investment than NQPH. However, NQEGT is 1.36 times less risky than NQPH. It trades about -0.02 of its potential returns per unit of risk. NQPH is currently generating about -0.24 per unit of risk. If you would invest 128,349 in NQEGT on May 23, 2018 and sell it today you would lose (690.54) from holding NQEGT or give up 0.54% of portfolio value over 30 days.