Correlation Analysis Between Straits Tms and NQEGT

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

Straits Tms  vs.  NQEGT

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Straits Tms is expected to generate 0.38 times more return on investment than NQEGT. However, Straits Tms is 2.6 times less risky than NQEGT. It trades about -0.16 of its potential returns per unit of risk. NQEGT is currently generating about -0.25 per unit of risk. If you would invest  314,140  in Straits Tms on September 16, 2018 and sell it today you would lose (9,543)  from holding Straits Tms or give up 3.04% of portfolio value over 30 days.

Pair Corralation between Straits Tms and NQEGT

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.