Correlation Analysis Between Nasdaq and NQFI

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

Nasdaq  vs.  NQFI

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to generate 1.8 times less return on investment than NQFI. But when comparing it to its historical volatility, Nasdaq is 1.5 times less risky than NQFI. It trades about 0.11 of its potential returns per unit of risk. NQFI is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  156,486  in NQFI on August 20, 2018 and sell it today you would earn a total of  5,653  from holding NQFI or generate 3.61% return on investment over 30 days.

Pair Corralation between Nasdaq and NQFI

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

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