This module allows you to analyze existing cross correlation between Madrid Gnrl and NQEGT. You can compare the effects of market volatilities on Madrid Gnrl and NQEGT 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 NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of Madrid Gnrl and NQEGT.
|Time Horizon||30 Days Login to change|
Madrid Gnrl vs. NQEGT
Assuming 30 trading days horizon, Madrid Gnrl is expected to generate 23.86 times less return on investment than NQEGT. But when comparing it to its historical volatility, Madrid Gnrl is 1.16 times less risky than NQEGT. It trades about 0.02 of its potential returns per unit of risk. NQEGT is currently generating about 0.45 of returns per unit of risk over similar time horizon. If you would invest 116,623 in NQEGT on March 25, 2018 and sell it today you would earn a total of 21,888 from holding NQEGT or generate 18.77% return on investment over 30 days.