This module allows you to analyze existing cross correlation between NQTH and NQFI. You can compare the effects of market volatilities on NQTH and NQFI 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 NQFI. See also your portfolio center. Please also check ongoing floating volatility patterns of NQTH and NQFI.
|Time Horizon||30 Days Login to change|
NQTH vs. NQFI
Assuming 30 trading days horizon, NQTH is expected to under-perform the NQFI. But the index apears to be less risky and, when comparing its historical volatility, NQTH is 1.03 times less risky than NQFI. The index trades about -0.38 of its potential returns per unit of risk. The NQFI is currently generating about -0.22 of returns per unit of risk over similar time horizon. If you would invest 167,999 in NQFI on May 22, 2018 and sell it today you would lose (9,547) from holding NQFI or give up 5.68% of portfolio value over 30 days.