- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Madrid Gnrl and NQTH. You can compare the effects of market volatilities on Madrid Gnrl and NQTH 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 NQTH. See also your portfolio center. Please also check ongoing floating volatility patterns of Madrid Gnrl and NQTH.
|Horizon||30 Days Login to change|
Predicted Return Density
Madrid Gnrl vs. NQTH
Assuming 30 trading days horizon, Madrid Gnrl is expected to generate 0.98 times more return on investment than NQTH. However, Madrid Gnrl is 1.02 times less risky than NQTH. It trades about -0.03 of its potential returns per unit of risk. NQTH is currently generating about -0.11 per unit of risk. If you would invest 90,095 in Madrid Gnrl on November 18, 2018 and sell it today you would lose (1,415) from holding Madrid Gnrl or give up 1.57% of portfolio value over 30 days.
Pair Corralation between Madrid Gnrl and NQTH
|Time Period||2 Months [change]|
Diversification Opportunities for Madrid Gnrl and NQTH
Overlapping area represents the amount of risk that can be diversified away by holding Madrid Gnrl and NQTH in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQTH and Madrid Gnrl is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Madrid Gnrl are associated (or correlated) with NQTH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NQTH has no effect on the direction of Madrid Gnrl i.e. Madrid Gnrl and NQTH go up and down completely randomly.