This module allows you to analyze existing cross correlation between NQTH and DOW. You can compare the effects of market volatilities on NQTH and DOW 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 NQTH with a short position of DOW. See also your portfolio center. Please also check ongoing floating volatility patterns of NQTH and DOW.
|Time Horizon||30 Days Login to change|
NQTH vs. DOW
Assuming 30 trading days horizon, NQTH is expected to generate 1.36 times more return on investment than DOW. However, NQTH is 1.36 times more volatile than DOW. It trades about 0.0 of its potential returns per unit of risk. DOW is currently generating about -0.05 per unit of risk. If you would invest 109,096 in NQTH on May 23, 2018 and sell it today you would lose (930.72) from holding NQTH or give up 0.85% of portfolio value over 30 days.