Pair Correlation Between Nasdaq and Russia TR

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

Nasdaq  vs.  Russia TR

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Nasdaq is expected to generate 0.87 times more return on investment than Russia TR. However, Nasdaq is 1.14 times less risky than Russia TR. It trades about -0.02 of its potential returns per unit of risk. Russia TR is currently generating about -0.08 per unit of risk. If you would invest  721,823  in Nasdaq on March 23, 2018 and sell it today you would lose (16,403)  from holding Nasdaq or give up 2.27% of portfolio value over 30 days.

Pair Corralation between Nasdaq and Russia TR

Time Period2 Months [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.