This module allows you to analyze existing cross correlation between NQPH and NQEGT. You can compare the effects of market volatilities on NQPH and NQEGT 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 NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and NQEGT.
|Time Horizon||30 Days Login to change|
NQPH vs. NQEGT
Assuming 30 trading days horizon, NQPH is expected to under-perform the NQEGT. In addition to that, NQPH is 1.17 times more volatile than NQEGT. It trades about -0.2 of its total potential returns per unit of risk. NQEGT is currently generating about 0.45 per unit of volatility. If you would invest 116,623 in NQEGT on March 25, 2018 and sell it today you would earn a total of 21,888 from holding NQEGT or generate 18.77% return on investment over 30 days.