This module allows you to analyze existing cross correlation between Apple and Gartner. You can compare the effects of market volatilities on Apple and Gartner 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 Gartner. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Gartner.
Given the investment horizon of 30 days, Apple is expected to generate 1.15 times less return on investment than Gartner. In addition to that, Apple is 1.04 times more volatile than Gartner. It trades about 0.06 of its total potential returns per unit of risk. Gartner is currently generating about 0.08 per unit of volatility. If you would invest 13,794 in Gartner on June 15, 2018 and sell it today you would earn a total of 202.00 from holding Gartner or generate 1.46% return on investment over 30 days.
Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc and Gartner Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gartner 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 Gartner. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gartner has no effect on the direction of Apple i.e. Apple and Gartner go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.