This module allows you to analyze existing cross correlation between NQTH and Nasdaq. You can compare the effects of market volatilities on NQTH and Nasdaq 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 Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of NQTH and Nasdaq.
|Time Horizon||30 Days Login to change|
NQTH vs. Nasdaq
Assuming 30 trading days horizon, NQTH is expected to under-perform the Nasdaq. But the index apears to be less risky and, when comparing its historical volatility, NQTH is 1.03 times less risky than Nasdaq. The index trades about -0.26 of its potential returns per unit of risk. The Nasdaq is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 705,420 in Nasdaq on April 21, 2018 and sell it today you would earn a total of 33,984 from holding Nasdaq or generate 4.82% return on investment over 30 days.