This module allows you to analyze existing cross correlation between Shanghai and NQPH. You can compare the effects of market volatilities on Shanghai 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 Shanghai with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of Shanghai and NQPH.
|Time Horizon||30 Days Login to change|
Shanghai vs. NQPH
Assuming 30 trading days horizon, Shanghai is expected to generate 1.1 times more return on investment than NQPH. However, Shanghai is 1.1 times more volatile than NQPH. It trades about -0.1 of its potential returns per unit of risk. NQPH is currently generating about -0.25 per unit of risk. If you would invest 332,957 in Shanghai on March 27, 2018 and sell it today you would lose (21,160) from holding Shanghai or give up 6.36% of portfolio value over 30 days.