Pair Correlation Between Russia TR and NQFI

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

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 1.18 times more return on investment than NQFI. However, Russia TR is 1.18 times more volatile than NQFI. It trades about 0.02 of its potential returns per unit of risk. NQFI is currently generating about -0.05 per unit of risk. If you would invest  115,228  in Russia TR on February 15, 2018 and sell it today you would earn a total of  262.50  from holding Russia TR or generate 0.23% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Russia TR and NQFI


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

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

Comparative Volatility

 Predicted Return Density