Pair Correlation Between Apple and Wilshire US

This module allows you to analyze existing cross correlation between Apple Inc and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Apple and Wilshire US 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 Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Wilshire US.
 Time Horizon     30 Days    Login   to change
 Apple Inc  vs   Wilshire US Large Cap Value In
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Apple Inc is expected to generate 1.41 times more return on investment than Wilshire US. However, Apple is 1.41 times more volatile than Wilshire US Large Cap Value Ind. It trades about -0.07 of its potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about -0.14 per unit of risk. If you would invest  17,704  in Apple Inc on January 23, 2018 and sell it today you would lose (597.00)  from holding Apple Inc or give up 3.37% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Apple and Wilshire US


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc and Wilshire US Large Cap Value In in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Wilshire US Large and Apple is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Apple Inc are associated (or correlated) with Wilshire US. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Wilshire US Large has no effect on the direction of Apple i.e. Apple and Wilshire US go up and down completely randomly.

Comparative Volatility

 Predicted Return Density