This module allows you to analyze existing cross correlation between Greece TR and S&P 500. You can compare the effects of market volatilities on Greece TR and SP 500 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 Greece TR with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of Greece TR and SP 500.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Greece TR is expected to under-perform the SP 500. But the index apears to be less risky and, when comparing its historical volatility, Greece TR is 1.15 times less risky than SP 500. The index trades about -0.22 of its potential returns per unit of risk. The S&P 500 is currently generating about -0.09 of returns per unit of risk over similar time horizon. If you would invest 283,925 in S&P 500 on January 25, 2018 and sell it today you would lose (9,195) from holding S&P 500 or give up 3.24% of portfolio value over 30 days.