Correlation Analysis Between Apple and T

This module allows you to analyze existing cross correlation between Apple and T. You can compare the effects of market volatilities on Apple and T 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 T. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and T.
 Time Horizon     30 Days    Login   to change

Apple Inc  vs.  AT&T INC.

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Apple is expected to generate 0.35 times more return on investment than T. However, Apple is 2.83 times less risky than T. It trades about 0.06 of its potential returns per unit of risk. T is currently generating about -0.02 per unit of risk. If you would invest  18,763  in Apple on May 19, 2018 and sell it today you would earn a total of  133.00  from holding Apple or generate 0.71% return on investment over 30 days.

Pair Corralation between Apple and T

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 AT&T INC. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on T 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 T. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of T has no effect on the direction of Apple i.e. Apple and T go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Apple are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.

Risk-Adjusted Performance

Over the last 30 days T has generated negative risk-adjusted returns adding no value to investors with long positions.

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See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.