Correlation Analysis Between Jakarta Comp and NQPH

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

Jakarta Comp  vs.  NQPH

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 4.25 times less return on investment than NQPH. In addition to that, Jakarta Comp is 1.01 times more volatile than NQPH. It trades about 0.06 of its total potential returns per unit of risk. NQPH is currently generating about 0.24 per unit of volatility. If you would invest  93,803  in NQPH on June 23, 2018 and sell it today you would earn a total of  4,966  from holding NQPH or generate 5.29% return on investment over 30 days.

Pair Corralation between Jakarta Comp and NQPH

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.