Correlation Analysis Between Israel Index and Nasdaq

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

Israel Index  vs.  Nasdaq

 Performance (%) 

Pair Volatility

If you would invest  787,846  in Nasdaq on August 26, 2018 and sell it today you would earn a total of  11,479  from holding Nasdaq or generate 1.46% return on investment over 30 days.

Pair Corralation between Israel Index and Nasdaq

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.