Pair Correlation Between NQPH and Russia TR

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

Pair Volatility

Assuming 30 trading days horizon, NQPH is expected to generate 3.14 times less return on investment than Russia TR. But when comparing it to its historical volatility, NQPH is 1.09 times less risky than Russia TR. It trades about 0.25 of its potential returns per unit of risk. Russia TR is currently generating about 0.73 of returns per unit of risk over similar time horizon. If you would invest  103,238  in Russia TR on December 24, 2017 and sell it today you would earn a total of  14,825  from holding Russia TR or generate 14.36% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NQPH and Russia TR


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 Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of NQPH i.e. NQPH and Russia TR go up and down completely randomly.

Comparative Volatility

 Predicted Return Density