- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between NASDAQ UK and Swiss Mrt. You can compare the effects of market volatilities on NASDAQ UK 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 UK with a short position of Swiss Mrt. See also your portfolio center. Please also check ongoing floating volatility patterns of NASDAQ UK and Swiss Mrt.
|Horizon||30 Days Login to change|
Predicted Return Density
NASDAQ UK vs. Swiss Mrt
Assuming 30 trading days horizon, NASDAQ UK is expected to generate 1.1 times less return on investment than Swiss Mrt. But when comparing it to its historical volatility, NASDAQ UK is 1.09 times less risky than Swiss Mrt. It trades about 0.27 of its potential returns per unit of risk. Swiss Mrt is currently generating about 0.27 of returns per unit of risk over similar time horizon. If you would invest 841,729 in Swiss Mrt on January 20, 2019 and sell it today you would earn a total of 83,888 from holding Swiss Mrt or generate 9.97% return on investment over 30 days.
Pair Corralation between NASDAQ UK and Swiss Mrt
|Time Period||2 Months [change]|
Diversification Opportunities for NASDAQ UK and Swiss Mrt
Overlapping area represents the amount of risk that can be diversified away by holding NASDAQ UK and Swiss Mrt in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Swiss Mrt and NASDAQ UK 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 UK 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 UK i.e. NASDAQ UK and Swiss Mrt go up and down completely randomly.