|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between HCP Inc and VMware Inc. You can compare the effects of market volatilities on HCP Inc and VMware Inc 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 HCP Inc with a short position of VMware Inc. Please also check ongoing floating volatility patterns of HCP Inc and VMware Inc.HCP Inc. vs VMware Inc.
|Daily Returns (%)|
Considering 30-days investment horizon, HCP Inc is expected to under-perform the VMware Inc. But the stock apears to be less risky and, when comparing its historical volatility, HCP Inc is 1.11 times less risky than VMware Inc. The stock trades about -0.2 of its potential returns per unit of risk. The VMware Inc is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 5,864 in VMware Inc on October 27, 2015 and sell it today you would earn a total of 131.00 from holding VMware Inc or generate 2.23% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for HCP Inc
Pair trading matchups for VMware Inc