Correlation Analysis Between Nasdaq and ATX

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

Nasdaq  vs.  ATX

 Performance (%) 

Pair Volatility

If you would invest  328,674  in ATX on May 24, 2018 and sell it today you would earn a total of  0.00  from holding ATX or generate 0.0% return on investment over 30 days.

Pair Corralation between Nasdaq and ATX

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.