Correlation Analysis Between OSE All and NQFI

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

OSE All  vs.  NQFI

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, OSE All is expected to under-perform the NQFI. In addition to that, OSE All is 1.04 times more volatile than NQFI. It trades about -0.03 of its total potential returns per unit of risk. NQFI is currently generating about 0.02 per unit of volatility. If you would invest  160,125  in NQFI on June 20, 2018 and sell it today you would earn a total of  402.00  from holding NQFI or generate 0.25% return on investment over 30 days.

Pair Corralation between OSE All and NQFI

-0.61
Time Period1 Month [change]
DirectionNegative 
StrengthWeak
Accuracy73.33%
ValuesDaily Returns

Diversification

Excellent diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.2

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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.


 
vendors/bower_components/jquery.easy-pie-chart/dist/jquery.easypiechart.min.js">