This module allows you to analyze existing cross correlation between NQPH and Shanghai. You can compare the effects of market volatilities on NQPH and Shanghai 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 Shanghai. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and Shanghai.
|Time Horizon||30 Days Login to change|
NQPH vs. Shanghai
Assuming 30 trading days horizon, NQPH is expected to under-perform the Shanghai. But the index apears to be less risky and, when comparing its historical volatility, NQPH is 1.07 times less risky than Shanghai. The index trades about -0.23 of its potential returns per unit of risk. The Shanghai is currently generating about -0.1 of returns per unit of risk over similar time horizon. If you would invest 326,856 in Shanghai on March 22, 2018 and sell it today you would lose (19,702) from holding Shanghai or give up 6.03% of portfolio value over 30 days.