This module allows you to analyze existing cross correlation between NQPH and FTSE MIB. You can compare the effects of market volatilities on NQPH and FTSE MIB 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 FTSE MIB. See also your portfolio center
. Please also check ongoing floating volatility patterns of NQPH
and FTSE MIB
NQPH vs FTSE MIB
If you would invest 2,320,266 in FTSE MIB on February 16, 2018 and sell it today you would earn a total of 0.00 from holding FTSE MIB or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding NQPH and FTSE MIB in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FTSE MIB 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 FTSE MIB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FTSE MIB has no effect on the direction of NQPH i.e. NQPH and FTSE MIB go up and down completely randomly.