This module allows you to analyze existing cross correlation between NZSE and Madrid Gnrl. You can compare the effects of market volatilities on NZSE and Madrid Gnrl 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 Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of NZSE and Madrid Gnrl.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, NZSE is expected to generate 0.45 times more return on investment than Madrid Gnrl. However, NZSE is 2.21 times less risky than Madrid Gnrl. It trades about -0.07 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.05 per unit of risk. If you would invest 813,010 in NZSE on October 22, 2017 and sell it today you would lose (4,961) from holding NZSE or give up 0.61% of portfolio value over 30 days.