- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between CAC 40 and NQPH. You can compare the effects of market volatilities on CAC 40 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 CAC 40 with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of CAC 40 and NQPH.
|Horizon||30 Days Login to change|
Predicted Return Density
CAC 40 vs. NQPH
Assuming 30 trading days horizon, CAC 40 is expected to generate 1.15 times more return on investment than NQPH. However, CAC 40 is 1.15 times more volatile than NQPH. It trades about 0.28 of its potential returns per unit of risk. NQPH is currently generating about 0.24 per unit of risk. If you would invest 462,639 in CAC 40 on January 21, 2019 and sell it today you would earn a total of 56,956 from holding CAC 40 or generate 12.31% return on investment over 30 days.
Pair Corralation between CAC 40 and NQPH
|Time Period||2 Months [change]|
Diversification Opportunities for CAC 40 and NQPH
Overlapping area represents the amount of risk that can be diversified away by holding CAC 40 and NQPH in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQPH and CAC 40 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 CAC 40 are associated (or correlated) with NQPH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NQPH has no effect on the direction of CAC 40 i.e. CAC 40 and NQPH go up and down completely randomly.