Correlation Analysis Between NQTH and MerVal

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

Comparative Performance

NQTH  vs.  MerVal

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,078,664  in MerVal on May 18, 2019 and sell it today you would earn a total of  970,097  from holding MerVal or generate 31.51% return on investment over 30 days.

Pair Corralation between NQTH and MerVal

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

Diversification Opportunities for NQTH and MerVal

NQTH diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding NQTH and MerVal in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on MerVal and NQTH 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 NQTH are associated (or correlated) with MerVal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MerVal has no effect on the direction of NQTH i.e. NQTH and MerVal go up and down completely randomly.
    Optimize
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.


 
Search macroaxis.com