Correlation Analysis Between NQEGT and DOW

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

NQEGT  vs.  DOW

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,458,089  in DOW on May 26, 2018 and sell it today you would earn a total of  0.00  from holding DOW or generate 0.0% return on investment over 30 days.

Pair Corralation between NQEGT and DOW

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.33%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1155.48

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.