Pair Correlation Between ISEQ and IPC

This module allows you to analyze existing cross correlation between ISEQ and IPC. You can compare the effects of market volatilities on ISEQ and IPC 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 IPC. See also your portfolio center. Please also check ongoing floating volatility patterns of ISEQ and IPC.
 Time Horizon     30 Days    Login   to change
 ISEQ  vs   IPC
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to generate 1.06 times less return on investment than IPC. But when comparing it to its historical volatility, ISEQ is 1.38 times less risky than IPC. It trades about 0.18 of its potential returns per unit of risk. IPC is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  4,863,454  in IPC on December 18, 2017 and sell it today you would earn a total of  85,718  from holding IPC or generate 1.76% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between ISEQ and IPC


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density