Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,893   96.929 Index Moved Down -0.88%  

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 (%)
Change Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Apple Inc is expected to under-perform the SP 500. In addition to that, Apple is 3.0 times more volatile than S&P 500. It trades about -0.01 of its total potential returns per unit of risk. S&P 500 is currently generating about -0.02 per unit of volatility. If you would invest  199,792  in S&P 500 on August 23, 2014 and sell it today you would lose (363.00) from holding S&P 500 or give up 0.18% of portfolio value over 30 days.

Correlation Coefficient

Time Period1 Month [change]
DirectionNegative AAPL Moved Down vs ^GSPC
ValuesDaily Returns


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
Investing ideals could easily outperform a given market if properly optimized
SP 500 Report  
Apple Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density

Apple Inc

Over the last 30 days Apple Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Apple

Koninklijke Philips NV vs. Apple Inc
Sony Corporation vs. Apple Inc
Harman International Industries Incorporated vs. Apple Inc
Eastman Kodak Co vs. Apple Inc
Universal Electronics Inc vs. Apple Inc
Energous Corporation vs. Apple Inc
mCig Inc vs. Apple Inc
Emerson Radio Corp vs. Apple Inc
SGOCO Group Ltd vs. Apple Inc

S&P 500


Pair trading matchups for SP 500

Campbell Soup Company vs. S&P 500
Tyco International Ltd vs. S&P 500
UMB Financial Corporation vs. S&P 500
Discover Financial Services vs. S&P 500
Genuine Parts Company vs. S&P 500
MetLife Inc vs. S&P 500
Umpqua Holdings Corporation vs. S&P 500
AFLAC Inc vs. S&P 500
EOG Resources Inc vs. S&P 500
Lennar Corp vs. S&P 500
The Allstate Corporation vs. S&P 500
Roper Industries Inc vs. S&P 500



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