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Benchmark  United States  NYSE  10,604   213.489 Index Moved Up 2.05%  


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Collecting data for EXPE and MSFT ...

Correlation analysis between Expedia and Microsoft Correlation analysis between Expedia and Microsoft

   
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Expedia Inc and Microsoft Corporation. You can compare the effects of market volatilities on Expedia and Microsoft 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 Expedia with a short position of Microsoft. Please also check ongoing floating volatility patterns of Expedia and Microsoft.
 Expedia Inc.  vs   Microsoft Corp.
Daily Returns (%)
EXPE   MSFT   
 
Change Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Expedia Inc is expected to generate 1.11 times more return on investment than Microsoft. However, Expedia is 1.11 times more volatile than Microsoft Corporation. It trades about -0.06 of its potential returns per unit of risk. Microsoft Corporation is currently generating about -0.25 per unit of risk. If you would invest  8,837  in Expedia Inc on November 18, 2014 and sell it today you would lose (151.00) from holding Expedia Inc or give up 1.71% of portfolio value over 30 days.

Correlation Coefficient

0.35
Parameters
Time Period1 Month [change]
DirectionPositive MSFT Moved Up vs EXPE
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Expedia Inc. and Microsoft Corp. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get Microsoft Corporation research report. Reports are available in pdf format. Click Microsoft Report to view
  
Microsoft Report  
Get Expedia Inc research report. Reports are available in pdf format. Click Expedia Report to view
  
Expedia Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Expedia Inc

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

Pair trading matchups for Expedia

Hilton Worldwide Holdings Inc vs. Expedia Inc
Marriott International Inc vs. Expedia Inc
Starwood Hotels Resorts Worldwide Inc vs. Expedia Inc
Intercontinental Hotels Group plc vs. Expedia Inc
Ctrip International Ltd vs. Expedia Inc
Choice Hotels International Inc vs. Expedia Inc
  

Microsoft

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

Pair trading matchups for Microsoft

Automatic Data Processing Inc vs. Microsoft Corporation
Cognizant Technology Solutions Corporation vs. Microsoft Corporation
CA Technologies vs. Microsoft Corporation
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F5 Networks Inc vs. Microsoft Corporation
NetSuite Inc vs. Microsoft Corporation
Amdocs Limited vs. Microsoft Corporation
Jack Henry Associates Inc vs. Microsoft Corporation
SSC Technologies Holdings Inc vs. Microsoft Corporation


 

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