Correlation Analysis Between NQEGT and ISEQ

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

 Predicted Return Density 


 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to under-perform the ISEQ. In addition to that, NQEGT is 2.07 times more volatile than ISEQ. It trades about -0.01 of its total potential returns per unit of risk. ISEQ is currently generating about 0.02 per unit of volatility. If you would invest  638,036  in ISEQ on September 14, 2019 and sell it today you would earn a total of  6,823  from holding ISEQ or generate 1.07% return on investment over 30 days.

Pair Corralation between NQEGT and ISEQ

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for NQEGT and ISEQ

NQEGT diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding NQEGT and ISEQ in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ISEQ 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 ISEQ. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ISEQ has no effect on the direction of NQEGT i.e. NQEGT and ISEQ go up and down completely randomly.
See also your portfolio center. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.