Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  10,875   9.9912 Index Moved Up 0.092%  


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Collecting data for EXPE and YHOO ...

Correlation analysis between Expedia and Yahoo  

    
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Expedia Inc and Yahoo Inc. You can compare the effects of market volatilities on Expedia and Yahoo 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 Yahoo. Please also check ongoing floating volatility patterns of Expedia and Yahoo.
 Expedia Inc.  vs   Yahoo! Inc.
Daily Returns (%)
YHOO   EXPE   
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Expedia Inc is expected to generate 0.91 times more return on investment than Yahoo. However, Expedia Inc is 1.1 times less risky than Yahoo. It trades about 0.08 of its potential returns per unit of risk. Yahoo Inc is currently generating about 0.07 per unit of risk. If you would invest  9,175  in Expedia Inc on February 27, 2015 and sell it today you would earn a total of  193.00  from holding Expedia Inc or generate 2.1% return on investment over 30 days.

Correlation Coefficient

0.42

Parameters

Time Period1 Month [change]
DirectionPositive YHOO Moved Up vs EXPE
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Expedia Inc. and Yahoo! Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Expedia Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Expedia Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Expedia

Hilton Worldwide Holdings Inc vs. Expedia Inc
Marriott International Inc vs. Expedia Inc
Starwood Hotels Resorts Worldwide Inc vs. Expedia Inc
Intercontinental Hotels Group plc vs. Expedia Inc
Ctrip International Ltd vs. Expedia Inc
Choice Hotels International Inc vs. Expedia Inc
Home Inns Hotels Management Inc vs. Expedia Inc
  

Yahoo Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Yahoo Inc are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Yahoo

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Baidu Inc vs. Yahoo Inc
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Akamai Technologies Inc vs. Yahoo Inc
VeriSign Inc vs. Yahoo Inc
IACInterActiveCorp vs. Yahoo Inc
Autohome Inc vs. Yahoo Inc
58 Inc vs. Yahoo Inc