Pair Correlation Between Bursa Malaysia and NQEGT

This module allows you to analyze existing cross correlation between Bursa Malaysia and NQEGT. You can compare the effects of market volatilities on Bursa Malaysia and NQEGT 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 Bursa Malaysia with a short position of NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and NQEGT.
 Time Horizon     30 Days    Login   to change
 Bursa Malaysia  vs   NQEGT
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 1.36 times less return on investment than NQEGT. But when comparing it to its historical volatility, Bursa Malaysia is 1.47 times less risky than NQEGT. It trades about 0.44 of its potential returns per unit of risk. NQEGT is currently generating about 0.4 of returns per unit of risk over similar time horizon. If you would invest  109,657  in NQEGT on December 21, 2017 and sell it today you would earn a total of  6,982  from holding NQEGT or generate 6.37% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bursa Malaysia and NQEGT


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density