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- Peer Analysis
This module allows you to analyze existing cross correlation between NQPH and Swiss Mrt. You can compare the effects of market volatilities on NQPH and Swiss Mrt 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 Swiss Mrt. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and Swiss Mrt.
|Horizon||30 Days Login to change|
Predicted Return Density
NQPH vs. Swiss Mrt
Assuming 30 trading days horizon, NQPH is expected to generate 1.06 times more return on investment than Swiss Mrt. However, NQPH is 1.06 times more volatile than Swiss Mrt. It trades about 0.1 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.08 per unit of risk. If you would invest 95,650 in NQPH on November 18, 2018 and sell it today you would earn a total of 4,776 from holding NQPH or generate 4.99% return on investment over 30 days.
Pair Corralation between NQPH and Swiss Mrt
|Time Period||2 Months [change]|
Diversification Opportunities for NQPH and Swiss Mrt
Overlapping area represents the amount of risk that can be diversified away by holding NQPH and Swiss Mrt in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Swiss Mrt and NQPH is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on NQPH are associated (or correlated) with Swiss Mrt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swiss Mrt has no effect on the direction of NQPH i.e. NQPH and Swiss Mrt go up and down completely randomly.