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Benchmark  United States  NYSE  10,892   97.925 Index Moved Down -0.89%  


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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 under-perform the VMware. But the stock apears to be less risky and, when comparing its historical volatility, Expedia Inc is 1.18 times less risky than VMware. The stock trades about -0.21 of its potential returns per unit of risk. The VMware Inc is currently generating about -0.17 of returns per unit of risk over similar time horizon. If you would invest  10,078  in VMware Inc on August 23, 2014 and sell it today you would lose (459.00) from holding VMware Inc or give up 4.55% of portfolio value over 30 days.

Correlation Coefficient

0.09
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs EXPE
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

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
Investing ideals could easily outperform a given market if properly optimized
  
VMware Report  
  
Expedia Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
VMW   EXPE   

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
Intercontinental Hotels Group plc vs. Expedia Inc
Choice Hotels International Inc vs. Expedia Inc
Home Inns Hotels Management Inc 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

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


 

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