Correlation Analysis Between Computer Task and FRONTEO

This module allows you to analyze existing cross correlation between Computer Task Group Incorporat and FRONTEO. You can compare the effects of market volatilities on Computer Task and FRONTEO 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 Computer Task with a short position of FRONTEO. See also your portfolio center. Please also check ongoing floating volatility patterns of Computer Task and FRONTEO.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Computer Task Group  
66

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Computer Task Group Incorporat are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. In spite of rather uncertain fundamental drivers, Computer Task may actually be approaching a critical reversion point that can send shares even higher in November 2019.
FRONTEO  
00

Risk-Adjusted Performance

Over the last 30 days FRONTEO has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough quite persistent forward indicators, FRONTEO is not utilizing all of its potentials. The late stock price mess, may contribute to short term losses for the partners.

Computer Task and FRONTEO Volatility Contrast

 Predicted Return Density 
      Returns 

Computer Task Group Incorporat  vs.  FRONTEO Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Computer Task Group Incorporat is expected to generate 0.41 times more return on investment than FRONTEO. However, Computer Task Group Incorporat is 2.45 times less risky than FRONTEO. It trades about 0.1 of its potential returns per unit of risk. FRONTEO is currently generating about 0.0 per unit of risk. If you would invest  442.00  in Computer Task Group Incorporat on September 21, 2019 and sell it today you would earn a total of  48.00  from holding Computer Task Group Incorporat or generate 10.86% return on investment over 30 days.

Pair Corralation between Computer Task and FRONTEO

-0.56
Time Period3 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy93.85%
ValuesDaily Returns

Diversification Opportunities for Computer Task and FRONTEO

Computer Task Group Incorporat diversification synergy

Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding Computer Task Group Incorporat and FRONTEO Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FRONTEO and Computer Task 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 Computer Task Group Incorporat are associated (or correlated) with FRONTEO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FRONTEO has no effect on the direction of Computer Task i.e. Computer Task and FRONTEO go up and down completely randomly.
See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
Search macroaxis.com