Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

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


Processing
Collecting data for AAPL and ^GSPC ...

Correlation analysis between Apple and SP 500

 
 Companies |  Insiders  | Dashboard  
  
Add To Portfolio  add to portfolio
   
?
Summary
?
Essentials
?
Health
?
Technicals
?
Premiums
?
Valuation
?
Danger
?
History
?
Headlines
?
Leaders
?
Hype
?
Backtest
?
Peers
?
Advice
?
Correlation
?
Odds
?
Forecast
?
Cycles
?
Operators
?
Shifting
?
Momentum
?
Patterns
?
Price Depth
?
Overlaps
?
Statistics
?
Volatility
?
Volume
?
Widgets
Investment horizon:  
  30 Days    Login   to change
  
Run Correlation
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   
 
Change Benchmark  Embed  Timeline 
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
Follow Correlation between AAPL and GSPC with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Get Widget
Share Correlation between AAPL and GSPC 
Find Opportunities
 
Predicted Return Density
 Save Chart Image
 
Embed  
Returns:   
GSPC   AAPL   

Apple Inc

Alpha
 
Profile
    
Over the last 30 days Apple Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Check Performance
Backtest
Predict Price
    

Match-ups for Apple

Koninklijke Philips NV vs. Apple Inc
Sony Corporation vs. Apple Inc
Harman International Industries Incorporated vs. Apple Inc
Teledyne Technologies Inc vs. Apple Inc
Eastman Kodak Co vs. Apple Inc
Daktronics Inc vs. Apple Inc
Universal Electronics Inc vs. Apple Inc
mCig Inc vs. Apple Inc
Emerson Radio Corp vs. Apple Inc
  

S&P 500

 
Profile
    
    

Match-ups for SP 500

Chemical Financial Corporation vs. S&P 500
Leucadia National Corporation vs. S&P 500
Honeywell International Inc vs. S&P 500
Integrys Energy Group Inc vs. S&P 500
Washington Federal Inc vs. S&P 500
First Midwest Bancorp Inc vs. S&P 500
Northwest Bancshares Inc vs. S&P 500
Teradyne Inc vs. S&P 500
Cisco Systems Inc vs. S&P 500
Titanium Metals Corporation vs. S&P 500
Dr Pepper Snapple Group Inc vs. S&P 500
State Street Corporation 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
Financial Widget
Financial Widgets
Get Stock Ticker
Stock Tickers
 
Opportunities   Themes   Suggestions
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
  © 2014 Macroaxis Inc. All rights reserved       Advertising   Mobile Access   Retirement   Alpha Search   Compare Stocks   Macroaxis Blog Take our survey