This module allows you to analyze existing cross correlation between NQPH and DAX. You can compare the effects of market volatilities on NQPH and DAX 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 NQPH with a short position of DAX. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and DAX.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NQPH is expected to under-perform the DAX. But the index apears to be less risky and, when comparing its historical volatility, NQPH is 1.21 times less risky than DAX. The index trades about -0.24 of its potential returns per unit of risk. The DAX is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 1,234,617 in DAX on February 15, 2018 and sell it today you would earn a total of 4,341 from holding DAX or generate 0.35% return on investment over 30 days.