Correlation Analysis Between NQEGT and Swiss Mrt

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

NQEGT  vs.  Swiss Mrt

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to under-perform the Swiss Mrt. In addition to that, NQEGT is 2.64 times more volatile than Swiss Mrt. It trades about -0.25 of its total potential returns per unit of risk. Swiss Mrt is currently generating about -0.19 per unit of volatility. If you would invest  897,000  in Swiss Mrt on September 15, 2018 and sell it today you would lose (30,962)  from holding Swiss Mrt or give up 3.45% of portfolio value over 30 days.

Pair Corralation between NQEGT and Swiss Mrt

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.