Pair Correlation Between Straits Tms and NQFI

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

Pair Volatility

Given the investment horizon of 30 days, Straits Tms is expected to generate 1.02 times more return on investment than NQFI. However, Straits Tms is 1.02 times more volatile than NQFI. It trades about 0.0 of its potential returns per unit of risk. NQFI is currently generating about -0.22 per unit of risk. If you would invest  351,623  in Straits Tms on February 21, 2018 and sell it today you would lose (510.00)  from holding Straits Tms or give up 0.15% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Straits Tms and NQFI


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density