Correlation Analysis Between NQFI and All Ords

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

NQFI  vs.  All Ords

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQFI is expected to generate 1.24 times more return on investment than All Ords. However, NQFI is 1.24 times more volatile than All Ords. It trades about -0.13 of its potential returns per unit of risk. All Ords is currently generating about -0.17 per unit of risk. If you would invest  149,099  in NQFI on November 11, 2018 and sell it today you would lose (10,538)  from holding NQFI or give up 7.07% of portfolio value over 30 days.

Pair Corralation between NQFI and All Ords

Time Period2 Months [change]
ValuesDaily Returns


NQFI diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 

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