This module allows you to analyze existing cross correlation between Israel Index and NQEGT. You can compare the effects of market volatilities on Israel Index 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 Israel Index with a short position of NQEGT. See also your portfolio center. Please also check ongoing floating volatility patterns of Israel Index and NQEGT.
|Horizon||30 Days Login to change|
Israel Index vs. NQEGT
If you would invest (100.00) in NQEGT on May 18, 2019 and sell it today you would earn a total of 100.00 from holding NQEGT or generate -100.0% return on investment over 30 days.
Pair Corralation between Israel Index and NQEGT
|Time Period||2 Months [change]|
Diversification Opportunities for Israel Index and NQEGT
Overlapping area represents the amount of risk that can be diversified away by holding Israel Index and NQEGT in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NQEGT and Israel Index 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 Israel Index 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 Israel Index i.e. Israel Index and NQEGT go up and down completely randomly.
See also your portfolio center. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.