Correlation Analysis Between NQPH and Taiwan Wtd

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

NQPH  vs.  Taiwan Wtd

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, NQPH is expected to generate 1.25 times more return on investment than Taiwan Wtd. However, NQPH is 1.25 times more volatile than Taiwan Wtd. It trades about 0.01 of its potential returns per unit of risk. Taiwan Wtd is currently generating about -0.05 per unit of risk. If you would invest  92,357  in NQPH on October 15, 2018 and sell it today you would earn a total of  833.00  from holding NQPH or generate 0.9% return on investment over 30 days.

Pair Corralation between NQPH and Taiwan Wtd

Time Period1 Month [change]
ValuesDaily Returns


NQPH diversification synergy

Significant diversification

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

Comparative Volatility

 Predicted Return Density 

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