This module allows you to analyze existing cross correlation between NZSE and SPTSX Comp. You can compare the effects of market volatilities on NZSE and SPTSX Comp 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 NZSE with a short position of SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of NZSE and SPTSX Comp.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NZSE is expected to generate 1.09 times more return on investment than SPTSX Comp. However, NZSE is 1.09 times more volatile than SPTSX Comp. It trades about 0.0 of its potential returns per unit of risk. SPTSX Comp is currently generating about -0.22 per unit of risk. If you would invest 832,211 in NZSE on January 24, 2018 and sell it today you would lose (69.00) from holding NZSE or give up 0.01% of portfolio value over 30 days.