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Benchmark  United States  NYSE  10,906   30.763 Index Moved Down -0.28%  


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Collecting data for EXPE and ORCL ...

Correlation analysis between Expedia and Oracle

   
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. You can also utilize pair trading strategies of matching a long position in Expedia with a short position of Oracle. Please also check ongoing floating volatility patterns of Expedia and Oracle.
 
 Expedia Inc.  vs   Oracle Corp.
Daily Returns (%)
EXPE   ORCL   
 
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Given the investment horizon of 30 days, Expedia Inc is expected to generate 2.4 times more return on investment than Oracle. However, Expedia is 2.4 times more volatile than Oracle Corporation. It trades about 0.09 of its potential returns per unit of risk. Oracle Corporation is currently generating about 0.02 per unit of risk. If you would invest  7,876  in Expedia Inc on June 30, 2014 and sell it today you would earn a total of  192.00  from holding Expedia Inc or generate 2.44% 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

0.62
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs EXPE
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

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 4 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Expedia

Marriott International Inc vs. Expedia Inc
Starwood Hotels Resorts Worldwide Inc vs. Expedia Inc
Intercontinental Hotels Group plc vs. Expedia Inc
Wyndham Worldwide Corporation vs. Expedia Inc
Choice Hotels International Inc vs. Expedia Inc
  

Oracle

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

Pair trading matchups for Oracle

Salesforce Inc vs. Oracle Corporation
Nuance Communications Inc vs. Oracle Corporation


 
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