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Benchmark  United States  NYSE  10,947   35.499 Index Moved Down -0.32%  


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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 
If you would invest  9,703  in Apple Inc on July 24, 2014 and sell it today you would earn a total of  429.00  from holding Apple Inc or generate 4.42% return on investment over 30 days.

Correlation Coefficient

0.67
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
  
SP 500 Report  
  
Apple Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
GSPC   AAPL   

Apple Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Apple Inc are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Apple

Koninklijke Philips NV vs. Apple Inc
Sony Corporation vs. Apple Inc
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Eastman Kodak Co vs. Apple Inc
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mCig Inc vs. Apple Inc
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SGOCO Group Ltd vs. Apple Inc
  

S&P 500

  

Pair trading matchups for SP 500

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