Pair Correlation Between NYSE and ISEQ

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

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to under-perform the ISEQ. But the index apears to be less risky and, when comparing its historical volatility, NYSE is 2.84 times less risky than ISEQ. The index trades about -0.02 of its potential returns per unit of risk. The ISEQ is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  677,950  in ISEQ on October 24, 2017 and sell it today you would earn a total of  10,042  from holding ISEQ or generate 1.48% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between NYSE and ISEQ


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density