Pair Correlation Between NQTH and Straits Tms

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

Pair Volatility

Assuming 30 trading days horizon, NQTH is expected to generate 1.24 times more return on investment than Straits Tms. However, NQTH is 1.24 times more volatile than Straits Tms. It trades about 0.48 of its potential returns per unit of risk. Straits Tms is currently generating about 0.45 per unit of risk. If you would invest  117,407  in NQTH on December 21, 2017 and sell it today you would earn a total of  7,509  from holding NQTH or generate 6.4% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NQTH and Straits Tms


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding NQTH and Straits Tms in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Straits Tms and NQTH 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 NQTH 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 NQTH i.e. NQTH and Straits Tms go up and down completely randomly.

Comparative Volatility

 Predicted Return Density