This module allows you to analyze existing cross correlation between EURONEXT BEL-20 and NQTH. You can compare the effects of market volatilities on EURONEXT BEL-20 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 EURONEXT BEL-20 with a short position of NQTH. See also your portfolio center. Please also check ongoing floating volatility patterns of EURONEXT BEL-20 and NQTH.
|Horizon||30 Days Login to change|
Predicted Return Density
EURONEXT BEL-20 vs. NQTH
Given the investment horizon of 30 days, EURONEXT BEL-20 is expected to under-perform the NQTH. In addition to that, EURONEXT BEL-20 is 1.57 times more volatile than NQTH. It trades about -0.23 of its total potential returns per unit of risk. NQTH is currently generating about 0.05 per unit of volatility. If you would invest 115,285 in NQTH on May 19, 2019 and sell it today you would earn a total of 1,407 from holding NQTH or generate 1.22% return on investment over 30 days.
Pair Corralation between EURONEXT BEL-20 and NQTH
|Time Period||2 Months [change]|
Diversification Opportunities for EURONEXT BEL-20 and NQTH
Overlapping area represents the amount of risk that can be diversified away by holding EURONEXT BEL-20 and NQTH in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQTH and EURONEXT BEL-20 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 EURONEXT BEL-20 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 EURONEXT BEL-20 i.e. EURONEXT BEL-20 and NQTH go up and down completely randomly.
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