This module allows you to analyze existing cross correlation between NQFI and DOW. You can compare the effects of market volatilities on NQFI 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 NQFI with a short position of DOW. See also your portfolio center. Please also check ongoing floating volatility patterns of NQFI and DOW.
|Time Horizon||30 Days Login to change|
NQFI vs. DOW
Assuming 30 trading days horizon, NQFI is expected to under-perform the DOW. In addition to that, NQFI is 1.48 times more volatile than DOW. It trades about -0.22 of its total potential returns per unit of risk. DOW is currently generating about -0.04 per unit of volatility. If you would invest 2,483,441 in DOW on May 22, 2018 and sell it today you would lose (17,661) from holding DOW or give up 0.71% of portfolio value over 30 days.