Correlation Analysis Between NQFI and Seoul Comp

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

NQFI  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, NQFI is expected to generate 0.87 times more return on investment than Seoul Comp. However, NQFI is 1.15 times less risky than Seoul Comp. It trades about -0.05 of its potential returns per unit of risk. Seoul Comp is currently generating about -0.1 per unit of risk. If you would invest  149,216  in NQFI on October 18, 2018 and sell it today you would lose (2,100)  from holding NQFI or give up 1.41% of portfolio value over 30 days.

Pair Corralation between NQFI and Seoul Comp

-0.22
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy86.36%
ValuesDaily Returns

Diversification

NQFI diversification synergy

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1061.49

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.


 
Search macroaxis.com