This module allows you to analyze existing cross correlation between Stockholm and NQPH. You can compare the effects of market volatilities on Stockholm and NQPH 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 Stockholm with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of Stockholm and NQPH.
|Investment Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Stockholm is expected to under-perform the NQPH. But the index apears to be less risky and, when comparing its historical volatility, Stockholm is 1.51 times less risky than NQPH. The index trades about -0.11 of its potential returns per unit of risk. The NQPH is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 117,238 in NQPH on October 23, 2017 and sell it today you would earn a total of 325 from holding NQPH or generate 0.28% return on investment over 30 days.