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Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Correlation analysis between Apple and SP 500

 
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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. Please also check ongoing floating volatility patterns of Apple and SP 500.
 
 Apple Inc.  vs   S&P 500
Check Correlation Matrix  
Daily Returns (%)
GSPC   AAPL   
 
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If you would invest  185,744  in S&P 500 on March 21, 2014 and sell it today you would earn a total of  741  from holding S&P 500 or generate 0.4% return on investment over 30 days.

Diversification

Weak 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

Correlation Coefficient

0.38
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs AAPL
StrengthVery Weak
Accuracy95.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
GSPC   AAPL   

Apple Inc

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

Match-ups for Apple

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S&P 500

 
    
    

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