Pair Correlation Between Salesforce and Expedia Inc

Investment Horizon     30 Days    Login   to change
This module allows you to analyze existing cross correlation between Salesforce Inc and Expedia Inc. You can compare the effects of market volatilities on Salesforce and Expedia Inc 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 Salesforce with a short position of Expedia Inc. Please also check ongoing floating volatility patterns of Salesforce and Expedia Inc. Inc  vs   Expedia Inc.
Daily Returns (%)
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Salesforce Inc is expected to generate 0.6 times more return on investment than Expedia Inc. However, Salesforce Inc is 1.68 times less risky than Expedia Inc. It trades about 0.09 of its potential returns per unit of risk. Expedia Inc is currently generating about -0.04 per unit of risk. If you would invest  7,822  in Salesforce Inc on October 26, 2015 and sell it today you would earn a total of  217.00  from holding Salesforce Inc or generate 2.77% return on investment over 30 days.

Correlation Coefficient



Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents amount of risk that can be diversified away by holding Inc and Expedia Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Salesforce Inc


Risk-adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Salesforce Inc are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Salesforce


Expedia Inc


Risk-adjusted Performance

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

Pair trading matchups for Expedia Inc