Correlation Analysis Between BSE and NQPH

This module allows you to analyze existing cross correlation between BSE and NQPH. You can compare the effects of market volatilities on BSE and NQPH 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 BSE with a short position of NQPH. See also your portfolio center. Please also check ongoing floating volatility patterns of BSE and NQPH.
Horizon     30 Days    Login   to change

BSE  vs.  NQPH

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, BSE is expected to generate 0.59 times more return on investment than NQPH. However, BSE is 1.7 times less risky than NQPH. It trades about -0.33 of its potential returns per unit of risk. NQPH is currently generating about -0.24 per unit of risk. If you would invest  3,838,972  in BSE on August 24, 2018 and sell it today you would lose (154,812)  from holding BSE or give up 4.03% of portfolio value over 30 days.

Pair Corralation between BSE and NQPH

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BSE and NQPH in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQPH and BSE 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 BSE are associated (or correlated) with NQPH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NQPH has no effect on the direction of BSE i.e. BSE and NQPH go up and down completely randomly.

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.