This module allows you to analyze existing cross correlation between NQPH and Hang Seng. You can compare the effects of market volatilities on NQPH and Hang Seng 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 Hang Seng. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and Hang Seng.
|Time Horizon||30 Days Login to change|
NQPH vs. Hang Seng
Assuming 30 trading days horizon, NQPH is expected to under-perform the Hang Seng. In addition to that, NQPH is 1.02 times more volatile than Hang Seng. It trades about -0.24 of its total potential returns per unit of risk. Hang Seng is currently generating about -0.13 per unit of volatility. If you would invest 3,066,564 in Hang Seng on May 23, 2018 and sell it today you would lose (132,694) from holding Hang Seng or give up 4.33% of portfolio value over 30 days.