Pair Correlation Between ISEQ and Nasdaq

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

ISEQ  vs.  Nasdaq

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to generate 0.41 times more return on investment than Nasdaq. However, ISEQ is 2.46 times less risky than Nasdaq. It trades about 0.04 of its potential returns per unit of risk. Nasdaq is currently generating about -0.04 per unit of risk. If you would invest  673,827  in ISEQ on March 28, 2018 and sell it today you would earn a total of  7,226  from holding ISEQ or generate 1.07% return on investment over 30 days.

Pair Corralation between ISEQ and Nasdaq

Time Period2 Months [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 

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 Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.