This module allows you to analyze existing cross correlation between Nasdaq and SPTSX Comp. You can compare the effects of market volatilities on Nasdaq and SPTSX Comp 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 Nasdaq with a short position of SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Nasdaq and SPTSX Comp.
|Time Horizon||30 Days Login to change|
Nasdaq vs. SPTSX Comp
Assuming 30 trading days horizon, Nasdaq is expected to generate 1.61 times more return on investment than SPTSX Comp. However, Nasdaq is 1.61 times more volatile than SPTSX Comp. It trades about 0.3 of its potential returns per unit of risk. SPTSX Comp is currently generating about 0.12 per unit of risk. If you would invest 737,846 in Nasdaq on May 22, 2018 and sell it today you would earn a total of 33,450 from holding Nasdaq or generate 4.53% return on investment over 30 days.