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Benchmark  United States  NYSE  11,020   9.848 Index Moved Up 0.09%  


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Correlation analysis between Salesforce and Expedia

   
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 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. Please also check ongoing floating volatility patterns of Salesforce and Expedia.
 
 Salesforce.com Inc  vs   Expedia Inc.
Daily Returns (%)
EXPE   CRM   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, Salesforce is expected to generate 1.29 times less return on investment than Expedia. In addition to that, Salesforce is 1.36 times more volatile than Expedia Inc. It trades about 0.09 of its total potential returns per unit of risk. Expedia Inc is currently generating about 0.15 per unit of volatility. If you would invest  8,168  in Expedia Inc on July 30, 2014 and sell it today you would earn a total of  450.00  from holding Expedia Inc or generate 5.51% return on investment over 30 days.

Correlation Coefficient

0.05
Parameters
Time Period1 Month [change]
DirectionPositive EXPE Moved Up vs CRM
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding Salesforce.com Inc and Expedia Inc. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
  
Expedia Report  
  
Salesforce Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
EXPE   CRM   

Salesforce Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Salesforce Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Salesforce

Oracle Corporation vs. Salesforce Inc
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Expedia Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Expedia Inc are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Expedia

Starwood Hotels Resorts Worldwide Inc vs. Expedia Inc
Home Inns Hotels Management Inc vs. Expedia Inc


 
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