Correlation Analysis Between Taiwan Wtd and NQEGT

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

Taiwan Wtd  vs.  NQEGT

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Taiwan Wtd on August 21, 2018 and sell it today you would earn a total of  0.00  from holding Taiwan Wtd or generate 0.0% return on investment over 30 days.

Pair Corralation between Taiwan Wtd and NQEGT

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

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