Correlation Analysis Between NQFI and AEX Amsterdam

This module allows you to analyze existing cross correlation between NQFI and AEX Amsterdam. You can compare the effects of market volatilities on NQFI and AEX Amsterdam 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 NQFI with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of NQFI and AEX Amsterdam.
Horizon     30 Days    Login   to change
Symbolsvs

NQFI  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, NQFI is expected to generate 1.48 times more return on investment than AEX Amsterdam. However, NQFI is 1.48 times more volatile than AEX Amsterdam. It trades about 0.11 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.13 per unit of risk. If you would invest  160,620  in NQFI on August 26, 2018 and sell it today you would earn a total of  3,962  from holding NQFI or generate 2.47% return on investment over 30 days.

Pair Corralation between NQFI and AEX Amsterdam

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 NQFI and AEX Amsterdam in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on AEX Amsterdam and NQFI 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 NQFI are associated (or correlated) with AEX Amsterdam. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AEX Amsterdam has no effect on the direction of NQFI i.e. NQFI and AEX Amsterdam go up and down completely randomly.
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Comparative Volatility

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