|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.Salesforce.com Inc vs Expedia Inc.
|Daily Returns (%)|
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.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Salesforce
Pair trading matchups for Expedia Inc