Correlation Analysis Between Nasdaq and Hang Seng

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

Nasdaq  vs.  Hang Seng

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  772,559  in Nasdaq on May 21, 2018 and sell it today you would earn a total of  0.00  from holding Nasdaq or generate 0.0% return on investment over 30 days.

Pair Corralation between Nasdaq and Hang Seng

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.33%
ValuesDaily Returns

Diversification

Pay attention

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

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
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