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Benchmark  United States  NYSE  10,406   94.97 Index Moved Down -0.9%  


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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 1.31 times more return on investment than VMware. However, Expedia is 1.31 times more volatile than VMware Inc. It trades about -0.1 of its potential returns per unit of risk. VMware Inc is currently generating about -0.36 per unit of risk. If you would invest  8,393  in Expedia Inc on September 23, 2014 and sell it today you would lose (492.00) from holding Expedia Inc or give up 5.86% of portfolio value over 30 days.

Correlation Coefficient

0.23
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs EXPE
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Modest 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
Investing ideals could easily outperform a given market if properly optimized
Get VMware Inc research report. Reports are available in pdf format. Click VMware Report to view
  
VMware Report  
Get Expedia Inc research report. Reports are available in pdf format. Click Expedia Report to view
  
Expedia Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Expedia Inc

  
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

Marriott International Inc vs. Expedia Inc
Wyndham Worldwide Corporation vs. Expedia Inc
Intercontinental Hotels Group plc vs. Expedia Inc
  

VMware Inc

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

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
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


 

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