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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

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Daily Returns (%)

GSPC

AAPL

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Timeline

Given investment horizon of 30 days, Apple Inc is expected to under-perform the SP 500. In addition to that, Apple is 1.06 times more volatile than S&P 500. It trades about -0.08 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.07 per unit of volatility. If you would invest 186,562 in S&P 500 on March 24, 2014 and sell it today you would earn a total of 1,393 from holding S&P 500 or generate 0.75% return on investment over 30 days.

Diversification

Very 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

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