Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,987   1.427 Index Moved Up 0.01%  


Processing
Collecting data for EXPE and VMW ...

Correlation analysis between Expedia and VMware

   
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 and VMware 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 VMware. Please also check ongoing floating volatility patterns of Expedia and VMware.
 
 Expedia Inc.  vs   VMware Inc.
Daily Returns (%)
VMW   EXPE   
 
Change Benchmark  Embed  Timeline 
Given the investment horizon of 30 days, Expedia Inc is expected to generate 0.96 times more return on investment than VMware. However, Expedia Inc is 1.04 times less risky than VMware. It trades about 0.06 of its potential returns per unit of risk. VMware Inc is currently generating about 0.03 per unit of risk. If you would invest  7,876  in Expedia Inc on June 29, 2014 and sell it today you would earn a total of  144.00  from holding Expedia Inc or generate 1.83% 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

Correlation Coefficient

0.47
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs EXPE
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
Follow Correlation between EXPE and VMW with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Share Correlation between EXPE and VMW 
Find Opportunities

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
VMW   EXPE   

Expedia Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Expedia Inc are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Expedia

Intercontinental Hotels Group plc vs. Expedia Inc
Ctrip International Ltd vs. Expedia Inc
Extended Stay America Inc vs. Expedia Inc
Home Inns Hotels Management Inc vs. Expedia Inc
  

VMware Inc

  
Compared with 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

Autodesk Inc vs. VMware Inc
Concur Technologies Inc vs. VMware Inc
PTC Inc vs. VMware Inc
National Instruments Corporation vs. VMware Inc
Tyler Technologies Inc vs. VMware Inc
Mentor Graphics Corp vs. VMware Inc
ACI Worldwide Inc vs. VMware Inc
ScanSource Inc vs. VMware Inc


 
Analytics
Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 
Research Modules
Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 
Services And Technology
Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 
Free Investor Tools
World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 
About Us
About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities