This module allows you to analyze existing cross correlation between Nasdaq and Swiss Mrt. You can compare the effects of market volatilities on Nasdaq and Swiss Mrt 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 Swiss Mrt. See also your portfolio center
. Please also check ongoing floating volatility patterns of Nasdaq
and Swiss Mrt
Nasdaq vs Swiss Mrt
If you would invest 919,484 in Swiss Mrt on October 24, 2017 and sell it today you would earn a total of 9,700 from holding Swiss Mrt or generate 1.05% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq and Swiss Mrt in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Swiss Mrt and Nasdaq 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 Nasdaq are associated (or correlated) with Swiss Mrt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swiss Mrt has no effect on the direction of Nasdaq i.e. Nasdaq and Swiss Mrt go up and down completely randomly.