Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,020   15.431 Index Moved Up 0.14%  


Processing
Collecting data for AAPL and ^GSPC ...

Correlation analysis between Apple and SP 500 Correlation analysis between Apple and SP 500

Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Apple Inc and S&P 500. You can compare the effects of market volatilities on Apple and SP 500 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 Apple with a short position of SP 500. Please also check ongoing floating volatility patterns of Apple and SP 500.
 Apple Inc.  vs   S&P 500
Daily Returns (%)
GSPC   AAPL   
 
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Apple Inc is expected to generate 2.61 times more return on investment than SP 500. However, Apple is 2.61 times more volatile than S&P 500. It trades about 0.34 of its potential returns per unit of risk. S&P 500 is currently generating about 0.25 per unit of risk. If you would invest  11,865  in Apple Inc on February 3, 2015 and sell it today you would earn a total of  989  from holding Apple Inc or generate 8.34% return on investment over 30 days.

Correlation Coefficient

-0.12

Parameters

Time Period1 Month [change]
DirectionNegative AAPL Moved Down vs ^GSPC
StrengthInsignificant
Accuracy86.36%
ValuesDaily Returns

Diversification

Good diversification

Overlapping area represents amount of risk that can be diversified away by holding Apple Inc. and S&P 500 in the same portfolio assuming nothing else is changed
    Optimize

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
 
Benchmark  Embed   Returns 

Apple Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Apple Inc are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Apple

Sony Corporation vs. Apple Inc
Harman International Industries Incorporated vs. Apple Inc
Universal Electronics Inc vs. Apple Inc
Vuzix Corporation vs. Apple Inc
mCig Inc vs. Apple Inc
  

S&P 500

  

Pair trading matchups for SP 500

HewlettPackard Company vs. S&P 500
Copa Holdings SA vs. S&P 500
Southwest Airlines Co vs. S&P 500
SPDR SP 500 ETF vs. S&P 500
Horizons SPTSX 60 ETF vs. S&P 500
First Solar Inc vs. S&P 500
American Express Company vs. S&P 500
United States Natural Gas ETF vs. S&P 500
Comstock Resources Inc vs. S&P 500
iShares MSCI USA Minimum Volatility vs. S&P 500
PowerShares DB US Dollar Bullish ETF vs. S&P 500


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities