This module allows you to analyze existing cross correlation between NYSE and Hang Seng. You can compare the effects of market volatilities on NYSE and Hang Seng 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 NYSE with a short position of Hang Seng. See also your portfolio center. Please also check ongoing floating volatility patterns of NYSE and Hang Seng.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, NYSE is expected to under-perform the Hang Seng. But the index apears to be less risky and, when comparing its historical volatility, NYSE is 1.64 times less risky than Hang Seng. The index trades about -0.04 of its potential returns per unit of risk. The Hang Seng is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 3,087,363 in Hang Seng on February 16, 2018 and sell it today you would earn a total of 62,834 from holding Hang Seng or generate 2.04% return on investment over 30 days.