Correlation Analysis Between NQEGT and Greece TR

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

NQEGT  vs.  Greece TR

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  112,396  in NQEGT on August 23, 2018 and sell it today you would earn a total of  0.00  from holding NQEGT or generate 0.0% return on investment over 30 days.

Pair Corralation between NQEGT and Greece TR

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

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