Pair Correlation Between NQEGT and Seoul Comp

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

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to generate 0.9 times more return on investment than Seoul Comp. However, NQEGT is 1.11 times less risky than Seoul Comp. It trades about 0.04 of its potential returns per unit of risk. Seoul Comp is currently generating about -0.19 per unit of risk. If you would invest  115,201  in NQEGT on January 23, 2018 and sell it today you would earn a total of  768.00  from holding NQEGT or generate 0.67% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NQEGT and Seoul Comp


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density