Pair Correlation Between NQFI and DOW

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

Pair Volatility

Assuming 30 trading days horizon, NQFI is expected to generate 0.91 times more return on investment than DOW. However, NQFI is 1.1 times less risky than DOW. It trades about 0.08 of its potential returns per unit of risk. DOW is currently generating about -0.12 per unit of risk. If you would invest  163,183  in NQFI on January 22, 2018 and sell it today you would earn a total of  3,813  from holding NQFI or generate 2.34% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NQFI and DOW


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density