This module allows you to analyze existing cross correlation between Twitter and NQTH. You can compare the effects of market volatilities on Twitter and NQTH 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 Twitter with a short position of NQTH. See also your portfolio center. Please also check ongoing floating volatility patterns of Twitter and NQTH.
|Horizon||30 Days Login to change|
Predicted Return Density
Twitter Inc vs. NQTH
Given the investment horizon of 30 days, Twitter is expected to generate 5.91 times more return on investment than NQTH. However, Twitter is 5.91 times more volatile than NQTH. It trades about 0.11 of its potential returns per unit of risk. NQTH is currently generating about 0.21 per unit of risk. If you would invest 3,644 in Twitter on August 16, 2019 and sell it today you would earn a total of 562.00 from holding Twitter or generate 15.42% return on investment over 30 days.
Pair Corralation between Twitter and NQTH
|Time Period||3 Months [change]|
Diversification Opportunities for Twitter and NQTH
Overlapping area represents the amount of risk that can be diversified away by holding Twitter Inc and NQTH in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQTH and Twitter 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 Twitter are associated (or correlated) with NQTH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NQTH has no effect on the direction of Twitter i.e. Twitter and NQTH go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.