This module allows you to analyze existing cross correlation between Fossil Group Inc and Vipshop Holdings Limited. You can compare the effects of market volatilities on Fossil and Vipshop Holdings 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 Fossil with a short position of Vipshop Holdings. See also your portfolio center
. Please also check ongoing floating volatility patterns of Fossil
and Vipshop Holdings
Fossil Group Inc vs Vipshop Holdings Limited
Given the investment horizon of 30 days, Fossil Group Inc is expected to generate 1.07 times more return on investment than Vipshop Holdings. However, Fossil is 1.07 times more volatile than Vipshop Holdings Limited. It trades about -0.19 of its potential returns per unit of risk. Vipshop Holdings Limited is currently generating about -0.2 per unit of risk. If you would invest 795 in Fossil Group Inc on November 17, 2017 and sell it today you would lose (109) from holding Fossil Group Inc or give up 13.71% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group Inc and Vipshop Holdings Limited in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vipshop Holdings Limited and Fossil is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Fossil Group Inc are associated (or correlated) with Vipshop Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vipshop Holdings Limited has no effect on the direction of Fossil i.e. Fossil and Vipshop Holdings go up and down completely randomly.
Over the last 30 days Fossil Group Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Vipshop Holdings Limited has generated negative risk-adjusted returns adding no value to investors with long positions.