Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  10,881   18.1387 Index Moved Down -0.1664%  


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Collecting data for HCP and VMW ...

Correlation analysis between HCP Inc and VMware  

    
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 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. Please also check ongoing floating volatility patterns of HCP Inc and VMware.
 HCP Inc.  vs   VMware Inc.
Daily Returns (%)
HCP   VMW   
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, HCP Inc is expected to generate 1.35 times more return on investment than VMware. However, HCP Inc is 1.35 times more volatile than VMware Inc. It trades about 0.1 of its potential returns per unit of risk. VMware Inc is currently generating about -0.18 per unit of risk. If you would invest  4,218  in HCP Inc on March 2, 2015 and sell it today you would earn a total of  151.00  from holding HCP Inc or generate 3.58% return on investment over 30 days.

Correlation Coefficient

0.73

Parameters

Time Period1 Month [change]
DirectionPositive VMW Moved Up vs HCP
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

HCP Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in HCP Inc are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for HCP Inc

Health Care REIT Inc vs. HCP Inc
Omega Healthcare Investors Inc vs. HCP Inc
Healthcare Trust of America Inc vs. HCP 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