Correlation Analysis Between NQEGT and Taiwan Wtd

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

NQEGT  vs.  Taiwan Wtd

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQEGT is expected to under-perform the Taiwan Wtd. In addition to that, NQEGT is 2.56 times more volatile than Taiwan Wtd. It trades about -0.22 of its total potential returns per unit of risk. Taiwan Wtd is currently generating about 0.04 per unit of volatility. If you would invest  1,076,630  in Taiwan Wtd on August 21, 2018 and sell it today you would earn a total of  6,509  from holding Taiwan Wtd or generate 0.6% return on investment over 30 days.

Pair Corralation between NQEGT and Taiwan Wtd

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

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