Pair Correlation Between Nasdaq and ISEQ

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

Nasdaq  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to under-perform the ISEQ. In addition to that, Nasdaq is 2.46 times more volatile than ISEQ. It trades about -0.04 of its total potential returns per unit of risk. ISEQ is currently generating about 0.04 per unit of volatility. 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 Nasdaq and ISEQ

0.86
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy98.0%
ValuesDaily Returns

Diversification

Very poor diversification

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

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$0.0
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