This module allows you to analyze existing cross correlation between NYSE and Nasdaq. You can compare the effects of market volatilities on NYSE 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 NYSE with a short position of Nasdaq. See also your portfolio center. Please also check ongoing floating volatility patterns of NYSE and Nasdaq.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, NYSE is expected to generate 1.02 times less return on investment than Nasdaq. But when comparing it to its historical volatility, NYSE is 1.53 times less risky than Nasdaq. It trades about 0.65 of its potential returns per unit of risk. Nasdaq is currently generating about 0.43 of returns per unit of risk over similar time horizon. If you would invest 696,385 in Nasdaq on December 19, 2017 and sell it today you would earn a total of 33,443 from holding Nasdaq or generate 4.8% return on investment over 30 days.