Correlation Analysis Between Expedia and Oracle

This module allows you to analyze existing cross correlation between Expedia 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. See also your portfolio center. Please also check ongoing floating volatility patterns of Expedia and Oracle.
 Time Horizon     30 Days    Login   to change

Expedia Inc  vs.  Oracle Corp.

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Expedia is expected to generate 0.81 times more return on investment than Oracle. However, Expedia is 1.23 times less risky than Oracle. It trades about 0.28 of its potential returns per unit of risk. Oracle Corporation is currently generating about -0.06 per unit of risk. If you would invest  11,636  in Expedia on May 21, 2018 and sell it today you would earn a total of  831.00  from holding Expedia or generate 7.14% return on investment over 30 days.

Pair Corralation between Expedia and Oracle

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding Expedia Inc and Oracle Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Oracle and Expedia 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 Expedia are associated (or correlated) with Oracle. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oracle has no effect on the direction of Expedia i.e. Expedia and Oracle go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Expedia are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.

Risk-Adjusted Performance

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

Oracle Corporation

Pair trading matchups for Oracle

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.