Correlation Analysis Between DAX and NQFI

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

DAX  vs.  NQFI

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, DAX is expected to generate 0.9 times more return on investment than NQFI. However, DAX is 1.11 times less risky than NQFI. It trades about -0.11 of its potential returns per unit of risk. NQFI is currently generating about -0.15 per unit of risk. If you would invest  1,304,083  in DAX on May 21, 2018 and sell it today you would lose (34,567)  from holding DAX or give up 2.65% of portfolio value over 30 days.

Pair Corralation between DAX and NQFI

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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