Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Correlation analysis between Salesforce and Expedia

 
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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. Please also check ongoing floating volatility patterns of Salesforce and Expedia.
 
 Salesforce.com Inc  vs   Expedia Inc.
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Daily Returns (%)
EXPE   CRM   
 
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Considering 30-days investment horizon, Salesforce Inc is expected to under-perform the Expedia. In addition to that, Salesforce is 1.04 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 -0.07 per unit of volatility. If you would invest  7,420  in Expedia Inc on March 20, 2014 and sell it today you would lose (174.00) from holding Expedia Inc or give up 2.35% of portfolio value over 30 days.

Diversification

Very weak 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

Correlation Coefficient

0.4
Parameters
Time Period1 Month [change]
DirectionPositive EXPE Moved Up vs CRM
StrengthWeak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
EXPE   CRM   

Salesforce Inc

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

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Expedia Inc

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

Match-ups for Expedia

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