Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,583   63.34 Index Moved Up 0.6%  


Processing
Collecting data for AAPL and ^GSPC ...

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   
 
Change Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Apple Inc is expected to generate 1.19 times more return on investment than SP 500. However, Apple is 1.19 times more volatile than S&P 500. It trades about 0.25 of its potential returns per unit of risk. S&P 500 is currently generating about 0.0 per unit of risk. If you would invest  9,787  in Apple Inc on September 25, 2014 and sell it today you would earn a total of  735  from holding Apple Inc or generate 7.51% return on investment over 30 days.

Correlation Coefficient

0.7
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs AAPL
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor 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
Investing ideals could easily outperform a given market if properly optimized
Get S&P 500 research report. Reports are available in pdf format. Click SP 500 Report to view
  
SP 500 Report  
Get Apple Inc research report. Reports are available in pdf format. Click Apple Report to view
  
Apple Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Apple Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Apple Inc are ranked lower than 14 (%) 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
mCig Inc vs. Apple Inc
Emerson Radio Corp vs. Apple Inc
  

S&P 500

  

Pair trading matchups for SP 500

The Chubb Corporation vs. S&P 500
T Rowe Price Group Inc vs. S&P 500
iShares SPTSX Capped Composite vs. S&P 500
iPath DJUBS Grains TR SubIdx ETN vs. S&P 500
Pinnacle West Capital Corporation vs. S&P 500
SanDisk Corp vs. S&P 500
Erie Indemnity Company vs. S&P 500
iShares US Utilities vs. S&P 500
PowerShares DB Agriculture vs. S&P 500
Intercontinental Exchange Inc vs. S&P 500
iShares SP 500 CHedged 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