Correlation Analysis Between NQPH and Straits Tms

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

NQPH  vs.  Straits Tms

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQPH is expected to generate 1.22 times more return on investment than Straits Tms. However, NQPH is 1.22 times more volatile than Straits Tms. It trades about 0.17 of its potential returns per unit of risk. Straits Tms is currently generating about -0.01 per unit of risk. If you would invest  92,959  in NQPH on November 9, 2018 and sell it today you would earn a total of  8,505  from holding NQPH or generate 9.15% return on investment over 30 days.

Pair Corralation between NQPH and Straits Tms

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


NQPH diversification synergy

Weak diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Valuation module to check real value of public entities based on technical and fundamental data.