Pair Correlation Between CA and Altaba

This module allows you to analyze existing cross correlation between CA Inc and Altaba Inc. You can compare the effects of market volatilities on CA and Altaba 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 CA with a short position of Altaba. See also your portfolio center. Please also check ongoing floating volatility patterns of CA and Altaba.
Investment Horizon     30 Days    Login   to change
 CA Inc  vs   Altaba Inc
 Performance (%) 

Pair Volatility

If you would invest  3,261  in CA Inc on August 26, 2017 and sell it today you would earn a total of  18.00  from holding CA Inc or generate 0.55% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between CA and Altaba


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CA Inc and Altaba Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Altaba Inc and CA 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 CA Inc are associated (or correlated) with Altaba. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Altaba Inc has no effect on the direction of CA i.e. CA and Altaba go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

CA Inc


Risk-Adjusted Performance

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