This module allows you to analyze existing cross correlation between DOW and NQPH. You can compare the effects of market volatilities on DOW 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 DOW with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and NQPH.
|Time Horizon||30 Days Login to change|
DOW vs. NQPH
Given the investment horizon of 30 days, DOW is expected to generate 0.72 times more return on investment than NQPH. However, DOW is 1.39 times less risky than NQPH. It trades about -0.04 of its potential returns per unit of risk. NQPH is currently generating about -0.3 per unit of risk. If you would invest 2,436,145 in DOW on May 26, 2018 and sell it today you would lose (17,344) from holding DOW or give up 0.71% of portfolio value over 30 days.