This module allows you to analyze existing cross correlation between NQPH and Jakarta Comp. You can compare the effects of market volatilities on NQPH and Jakarta Comp 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 Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and Jakarta Comp.
|Time Horizon||30 Days Login to change|
NQPH vs. Jakarta Comp
Assuming 30 trading days horizon, NQPH is expected to under-perform the Jakarta Comp. In addition to that, NQPH is 1.39 times more volatile than Jakarta Comp. It trades about -0.21 of its total potential returns per unit of risk. Jakarta Comp is currently generating about -0.13 per unit of volatility. If you would invest 664,340 in Jakarta Comp on March 23, 2018 and sell it today you would lose (32,391) from holding Jakarta Comp or give up 4.88% of portfolio value over 30 days.