Correlation Analysis Between NQEGT and OSE All

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

NQEGT  vs.  OSE All

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to under-perform the OSE All. In addition to that, NQEGT is 2.21 times more volatile than OSE All. It trades about -0.09 of its total potential returns per unit of risk. OSE All is currently generating about 0.22 per unit of volatility. If you would invest  102,669  in OSE All on August 27, 2018 and sell it today you would earn a total of  5,246  from holding OSE All or generate 5.11% return on investment over 30 days.

Pair Corralation between NQEGT and OSE All

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

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