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Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Collecting data for EXPE and VMW ...

Correlation analysis between Expedia and VMware

 
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Investment horizon:  
  30 Days    Login   to change
  
Run Correlation
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 1.07 times more return on investment than VMware. However, Expedia is 1.07 times more volatile than VMware Inc. It trades about -0.07 of its potential returns per unit of risk. VMware Inc is currently generating about -0.12 per unit of risk. If you would invest  7,420  in Expedia Inc on March 19, 2014 and sell it today you would lose (174.00) from holding Expedia Inc or give up 2.35% of portfolio value 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

Correlation Coefficient

0.57
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs EXPE
StrengthWeak
Accuracy95.24%
ValuesDaily Returns
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Returns:   
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Expedia Inc

Alpha
 
Profile
    
Over the last 30 days Expedia Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
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Match-ups for Expedia

Hilton Worldwide Holdings Inc vs. Expedia Inc
  

VMware Inc

Alpha
 
Profile
    
Over the last 30 days VMware Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
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Backtest
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