This module allows you to analyze existing cross correlation between DOW and NQEGT. You can compare the effects of market volatilities on DOW 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 DOW with a short position of NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and NQEGT.
|Time Horizon||30 Days Login to change|
DOW vs. NQEGT
Given the investment horizon of 30 days, DOW is expected to under-perform the NQEGT. In addition to that, DOW is 1.64 times more volatile than NQEGT. It trades about -0.09 of its total potential returns per unit of risk. NQEGT is currently generating about 0.46 per unit of volatility. If you would invest 116,959 in NQEGT on March 27, 2018 and sell it today you would earn a total of 22,781 from holding NQEGT or generate 19.48% return on investment over 30 days.