Pair Correlation Between NQEGT and NYSE

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

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to generate 1.84 times more return on investment than NYSE. However, NQEGT is 1.84 times more volatile than NYSE. It trades about 0.41 of its potential returns per unit of risk. NYSE is currently generating about 0.62 per unit of risk. If you would invest  109,485  in NQEGT on December 22, 2017 and sell it today you would earn a total of  7,154  from holding NQEGT or generate 6.53% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NQEGT and NYSE


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density