Apple Inc vs. Ford Motor Company
Given the investment horizon of 30 days, Apple is expected to under-perform the Ford Motor. But the stock apears to be less risky and, when comparing its historical volatility, Apple is 1.16 times less risky than Ford Motor. The stock trades about -0.1 of its potential returns per unit of risk. The Ford Motor Company is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 1,144 in Ford Motor Company on May 23, 2018 and sell it today you would earn a total of 27.00 from holding Ford Motor Company or generate 2.36% return on investment over 30 days.
Pair Corralation between Apple and Ford Motor
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc and Ford Motor Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ford Motor 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 are associated (or correlated) with Ford Motor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ford Motor has no effect on the direction of Apple i.e. Apple and Ford Motor go up and down completely randomly.
Over the last 30 days Apple has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Ford Motor Company are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
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