This module allows you to analyze existing cross correlation between NQEGT and NYSE. You can compare the effects of market volatilities on NQEGT and NYSE 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 NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of NQEGT and NYSE.
Assuming 30 trading days horizon, NQEGT is expected to generate 0.81 times more return on investment than NYSE. However, NQEGT is 1.24 times less risky than NYSE. It trades about 0.49 of its potential returns per unit of risk. NYSE is currently generating about -0.05 per unit of risk. If you would invest 116,959 in NQEGT on March 28, 2018 and sell it today you would earn a total of 25,659 from holding NQEGT or generate 21.94% return on investment over 30 days.
Overlapping area represents the amount of risk that can be diversified away by holding NQEGT and NYSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NYSE and NQEGT is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on NQEGT are associated (or correlated) with NYSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NYSE has no effect on the direction of NQEGT i.e. NQEGT and NYSE go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.