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Benchmark  United States  NYSE  10,576   5.981 Index Moved Down -0.06%  


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Correlation analysis between Expedia and Oracle

 
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Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Expedia Inc and Oracle Corporation. You can compare the effects of market volatilities on Expedia and Oracle 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 Expedia and Oracle.
 
 Expedia Inc.  vs   Oracle Corp.
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Daily Returns (%)
EXPE   ORCL   
 
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Given investment horizon of 30 days, Expedia is expected to generate 3.8 times less return on investment than Oracle. In addition to that, Expedia is 1.53 times more volatile than Oracle Corporation. It trades about 0.02 of its total potential returns per unit of risk. Oracle Corporation is currently generating about 0.13 per unit of volatility. If you would invest  3,908  in Oracle Corporation on March 26, 2014 and sell it today you would earn a total of  71.00  from holding Oracle Corporation or generate 1.82% return on investment over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Expedia Inc. and Oracle Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.63
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs EXPE
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
EXPE   ORCL   

Expedia Inc

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Expedia Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
    

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Oracle Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
    

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