Pair Correlation Between Taiwan Wtd and ISEQ

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

Pair Volatility

Assuming 30 trading days horizon, Taiwan Wtd is expected to under-perform the ISEQ. In addition to that, Taiwan Wtd is 1.52 times more volatile than ISEQ. It trades about -0.32 of its total potential returns per unit of risk. ISEQ is currently generating about -0.31 per unit of volatility. If you would invest  723,511  in ISEQ on January 23, 2018 and sell it today you would lose (44,377)  from holding ISEQ or give up 6.13% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Taiwan Wtd and ISEQ


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density