Pair Correlation Between FTSE MIB and NQEGT

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

Pair Volatility

If you would invest  115,493  in NQEGT on February 18, 2018 and sell it today you would earn a total of  15,761  from holding NQEGT or generate 13.65% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between FTSE MIB and NQEGT


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density