- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between The Procter Gamble Company and NASDAQ UK. You can compare the effects of market volatilities on Procter Gamble and NASDAQ UK 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 Procter Gamble with a short position of NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of Procter Gamble and NASDAQ UK.
|Horizon||30 Days Login to change|
Predicted Return Density
The Procter Gamble Company vs. NASDAQ UK
Allowing for the 30-days total investment horizon, The Procter Gamble Company is expected to generate 0.91 times more return on investment than NASDAQ UK. However, The Procter Gamble Company is 1.1 times less risky than NASDAQ UK. It trades about 0.14 of its potential returns per unit of risk. NASDAQ UK is currently generating about 0.04 per unit of risk. If you would invest 9,983 in The Procter Gamble Company on March 26, 2019 and sell it today you would earn a total of 386.00 from holding The Procter Gamble Company or generate 3.87% return on investment over 30 days.
Pair Corralation between Procter Gamble and NASDAQ UK
|Time Period||2 Months [change]|
Diversification Opportunities for Procter Gamble and NASDAQ UK
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding The Procter Gamble Company and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK and Procter Gamble 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 The Procter Gamble Company are associated (or correlated) with NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of Procter Gamble i.e. Procter Gamble and NASDAQ UK go up and down completely randomly.
The Procter Gamble Company
Pair trading matchups for Procter Gamble
Pair trading matchups for NASDAQ UK
See also your portfolio center. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.