Correlation Analysis Between Salesforce and Twitter

This module allows you to analyze existing cross correlation between Salesforce Com and Twitter. You can compare the effects of market volatilities on Salesforce and Twitter 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 Twitter. See also your portfolio center. Please also check ongoing floating volatility patterns of Salesforce and Twitter.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Salesforce Com  
00

Risk-Adjusted Performance

Over the last 30 days Salesforce Com has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest conflicting performance, the Stock's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the business stakeholders.
Twitter  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Twitter are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively invariable forward-looking signals, Twitter is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.

Salesforce and Twitter Volatility Contrast

 Predicted Return Density 
      Returns 

Salesforce Com Inc  vs.  Twitter Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Salesforce Com is expected to under-perform the Twitter. But the stock apears to be less risky and, when comparing its historical volatility, Salesforce Com is 1.42 times less risky than Twitter. The stock trades about -0.09 of its potential returns per unit of risk. The Twitter is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  3,758  in Twitter on September 18, 2019 and sell it today you would earn a total of  132.00  from holding Twitter or generate 3.51% return on investment over 30 days.

Pair Corralation between Salesforce and Twitter

-0.05
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Salesforce and Twitter

Salesforce Com Inc diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Salesforce Com Inc and Twitter Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Twitter and Salesforce 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 Salesforce Com are associated (or correlated) with Twitter. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Twitter has no effect on the direction of Salesforce i.e. Salesforce and Twitter go up and down completely randomly.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.


 
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