Pair Correlation Between NQPH and ISEQ

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

Pair Volatility

Assuming 30 trading days horizon, NQPH is expected to under-perform the ISEQ. In addition to that, NQPH is 1.35 times more volatile than ISEQ. It trades about -0.28 of its total potential returns per unit of risk. ISEQ is currently generating about -0.14 per unit of volatility. If you would invest  679,774  in ISEQ on February 18, 2018 and sell it today you would lose (12,719)  from holding ISEQ or give up 1.87% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between NQPH and ISEQ


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding NQPH and ISEQ in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ISEQ 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 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 NQPH i.e. NQPH and ISEQ go up and down completely randomly.

Comparative Volatility

 Predicted Return Density