This module allows you to analyze existing cross correlation between Madrid Gnrl and ATX. You can compare the effects of market volatilities on Madrid Gnrl and ATX 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 Madrid Gnrl with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of Madrid Gnrl and ATX.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Madrid Gnrl is expected to under-perform the ATX. But the index apears to be less risky and, when comparing its historical volatility, Madrid Gnrl is 1.02 times less risky than ATX. The index trades about -0.03 of its potential returns per unit of risk. The ATX is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 340,296 in ATX on February 18, 2018 and sell it today you would earn a total of 4,075 from holding ATX or generate 1.2% return on investment over 30 days.