Correlation Analysis Between NQFI and ISEQ

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

 Predicted Return Density 


 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQFI is expected to under-perform the ISEQ. But the index apears to be less risky and, when comparing its historical volatility, NQFI is 1.17 times less risky than ISEQ. The index trades about -0.01 of its potential returns per unit of risk. The ISEQ is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  638,036  in ISEQ on September 14, 2019 and sell it today you would earn a total of  5,481  from holding ISEQ or generate 0.86% return on investment over 30 days.

Pair Corralation between NQFI and ISEQ

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for NQFI and ISEQ

NQFI diversification synergy

Very good diversification

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