This module allows you to analyze existing cross correlation between NQFI and NZSE. You can compare the effects of market volatilities on NQFI and NZSE 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 NZSE. See also your portfolio center. Please also check ongoing floating volatility patterns of NQFI and NZSE.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NQFI is expected to under-perform the NZSE. In addition to that, NQFI is 2.28 times more volatile than NZSE. It trades about -0.24 of its total potential returns per unit of risk. NZSE is currently generating about -0.03 per unit of volatility. If you would invest 813,010 in NZSE on October 23, 2017 and sell it today you would lose (2,511) from holding NZSE or give up 0.31% of portfolio value over 30 days.