Correlation Analysis Between NQPH and NYSE

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

NQPH  vs.  NYSE

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, NQPH is expected to under-perform the NYSE. In addition to that, NQPH is 2.37 times more volatile than NYSE. It trades about -0.32 of its total potential returns per unit of risk. NYSE is currently generating about 0.13 per unit of volatility. If you would invest  1,293,346  in NYSE on August 26, 2018 and sell it today you would earn a total of  15,420  from holding NYSE or generate 1.19% return on investment over 30 days.

Pair Corralation between NQPH and NYSE

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

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
$1182.95

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 Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.


 
Search macroaxis.com