Correlation Analysis 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.
Horizon     30 Days    Login   to change


 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to generate 1.7 times more return on investment than NYSE. However, NQEGT is 1.7 times more volatile than NYSE. It trades about 0.01 of its potential returns per unit of risk. NYSE is currently generating about -0.03 per unit of risk. If you would invest  109,995  in NQEGT on October 15, 2018 and sell it today you would earn a total of  895.00  from holding NQEGT or generate 0.81% return on investment over 30 days.

Pair Corralation between NQEGT and NYSE

Time Period1 Month [change]
ValuesDaily Returns


NQEGT diversification synergy

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 

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See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..