Correlation Analysis Between Fossil and Vipshop Holdings

This module allows you to analyze existing cross correlation between Fossil Group 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.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Fossil Group Inc  vs.  Vipshop Holdings Limited

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Fossil Group is expected to under-perform the Vipshop Holdings. In addition to that, Fossil is 2.73 times more volatile than Vipshop Holdings Limited. It trades about -0.17 of its total potential returns per unit of risk. Vipshop Holdings Limited is currently generating about -0.3 per unit of volatility. If you would invest  1,095  in Vipshop Holdings Limited on June 23, 2018 and sell it today you would lose (87.00)  from holding Vipshop Holdings Limited or give up 7.95% of portfolio value over 30 days.

Pair Corralation between Fossil and Vipshop Holdings

0.75
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy95.24%
ValuesDaily Returns

Diversification

Poor diversification

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 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.

Comparative Volatility

 Predicted Return Density 
      Returns 
Fossil Group  
0 

Risk-Adjusted Performance

Over the last 30 days Fossil Group has generated negative risk-adjusted returns adding no value to investors with long positions.
Vipshop Holdings Limited  
0 

Risk-Adjusted Performance

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

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1198.56

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See also your portfolio center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.


 
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