Correlation Analysis Between NQFI and Madrid Gnrl

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

NQFI  vs.  Madrid Gnrl

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in NQFI on May 18, 2019 and sell it today you would earn a total of  100.00  from holding NQFI or generate -100.0% return on investment over 30 days.

Pair Corralation between NQFI and Madrid Gnrl

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for NQFI and Madrid Gnrl

NQFI diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding NQFI and Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl and NQFI 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 NQFI are associated (or correlated) with Madrid Gnrl. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madrid Gnrl has no effect on the direction of NQFI i.e. NQFI and Madrid Gnrl go up and down completely randomly.
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See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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