Correlation analysis between Expedia and VMware

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Investment horizon:

30 Days Login to change

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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 and VMware 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 VMware.

Expedia Inc. vs VMware Inc.

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Daily Returns (%)

VMW

EXPE

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Given investment horizon of 30 days, Expedia Inc is expected to generate 0.78 times more return on investment than VMware. However, Expedia Inc is 1.28 times less risky than VMware. It trades about 0.02 of its potential returns per unit of risk. VMware Inc is currently generating about -0.22 per unit of risk. If you would invest 7,116 in Expedia Inc on March 25, 2014 and sell it today you would earn a total of 132.00 from holding Expedia Inc or generate 1.85% return on investment over 30 days.

Diversification

Very weak 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

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Correlation Coefficient

0.54

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Weak
Accuracy	95.24%
Values	Daily Returns

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Returns:

VMW

EXPE

Expedia Inc

Alpha

Profile

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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