Pair Correlation Between Expedia Inc and VMware Inc

Investment Horizon     30 Days    Login   to change
This module allows you to analyze existing cross correlation between Expedia Inc and VMware Inc. You can compare the effects of market volatilities on Expedia Inc and VMware Inc 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 Inc with a short position of VMware Inc. Please also check ongoing floating volatility patterns of Expedia Inc and VMware Inc.
 Expedia Inc.  vs   VMware Inc.
Daily Returns (%)
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Expedia Inc is expected to under-perform the VMware Inc. In addition to that, Expedia Inc is 1.23 times more volatile than VMware Inc. It trades about -0.24 of its total potential returns per unit of risk. VMware Inc is currently generating about 0.02 per unit of volatility. If you would invest  6,015  in VMware Inc on October 30, 2015 and sell it today you would earn a total of  30.00  from holding VMware Inc or generate 0.5% return on investment over 30 days.

Correlation Coefficient



Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Expedia Inc


Risk-adjusted Performance

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 Inc


VMware Inc


Risk-adjusted Performance

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

Pair trading matchups for VMware Inc