Correlation Analysis Between NQPH and EURONEXT BEL-20

This module allows you to analyze existing cross correlation between NQPH and EURONEXT BEL-20. You can compare the effects of market volatilities on NQPH and EURONEXT BEL-20 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 NQPH with a short position of EURONEXT BEL-20. See also your portfolio center. Please also check ongoing floating volatility patterns of NQPH and EURONEXT BEL-20.
Horizon     30 Days    Login   to change
Symbolsvs

NQPH  vs.  EURONEXT BEL-20

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  94,384  in NQPH on September 18, 2018 and sell it today you would earn a total of  0.00  from holding NQPH or generate 0.0% return on investment over 30 days.

Pair Corralation between NQPH and EURONEXT BEL-20

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding NQPH and EURONEXT BEL-20 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EURONEXT BEL-20 and NQPH 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 NQPH are associated (or correlated) with EURONEXT BEL-20. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EURONEXT BEL-20 has no effect on the direction of NQPH i.e. NQPH and EURONEXT BEL-20 go up and down completely randomly.
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Comparative Volatility

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