Correlation Analysis Between DOW and ISEQ

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

DOW  vs.  ISEQ

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 0.53 times more return on investment than ISEQ. However, DOW is 1.89 times less risky than ISEQ. It trades about 0.22 of its potential returns per unit of risk. ISEQ is currently generating about -0.18 per unit of risk. If you would invest  2,604,964  in DOW on August 26, 2018 and sell it today you would earn a total of  51,241  from holding DOW or generate 1.97% return on investment over 30 days.

Pair Corralation between DOW and ISEQ

Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.