Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,726   203.363 Index Moved Down -1.86%  


Processing
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   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, HCP Inc is expected to generate 3.33 times less return on investment than VMware. But when comparing it to its historical volatility, HCP Inc is 2.81 times less risky than VMware. It trades about 0.05 of its potential returns per unit of risk. VMware Inc is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  9,759  in VMware Inc on July 2, 2014 and sell it today you would earn a total of  177.00  from holding VMware Inc or generate 1.81% return on investment over 30 days.

Diversification

Good 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

Correlation Coefficient

-0.04
Parameters
Time Period1 Month [change]
DirectionNegative HCP Moved Down vs VMW
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
Follow Correlation between HCP and VMW with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Share Correlation between HCP and VMW 
Find Opportunities

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
HCP   VMW   

HCP Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in HCP Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for HCP Inc

Health Care REIT Inc vs. HCP Inc
The GEO Group Inc vs. HCP Inc
  

VMware Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
Autodesk Inc vs. VMware Inc
Concur Technologies Inc vs. VMware Inc
PTC Inc vs. VMware Inc
National Instruments Corporation vs. VMware Inc
Tyler Technologies Inc vs. VMware Inc
Mentor Graphics Corp vs. VMware Inc
ACI Worldwide Inc vs. VMware Inc
ScanSource Inc vs. VMware Inc


 
Analytics
Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 
Research Modules
Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 
Services And Technology
Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 
Free Investor Tools
World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 
About Us
About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities