Correlation Analysis Between Hang Seng and NQPH

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

Hang Seng  vs.  NQPH

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  95,107  in NQPH on May 24, 2018 and sell it today you would earn a total of  0.00  from holding NQPH or generate 0.0% return on investment over 30 days.

Pair Corralation between Hang Seng and NQPH

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Hang Seng and NQPH in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQPH and Hang Seng 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 Hang Seng 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 Hang Seng i.e. Hang Seng and NQPH go up and down completely randomly.
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Comparative Volatility

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