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Benchmark  United States  NYSE  10,327   76.801 Index Moved Up 0.75%  

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 0.66 times more return on investment than VMware. However, HCP Inc is 1.52 times less risky than VMware. It trades about 0.49 of its potential returns per unit of risk. VMware Inc is currently generating about -0.36 per unit of risk. If you would invest  3,972  in HCP Inc on September 21, 2014 and sell it today you would earn a total of  319.00  from holding HCP Inc or generate 8.03% return on investment over 30 days.

Correlation Coefficient

Time Period1 Month [change]
DirectionNegative HCP Moved Down vs VMW
ValuesDaily Returns


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
Investing ideals could easily outperform a given market if properly optimized
Get VMware Inc research report. Reports are available in pdf format. Click VMware Report to view
VMware Report  
Get HCP Inc research report. Reports are available in pdf format. Click HCP Inc Report to view
HCP Inc Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
Change Benchmark  Embed   Returns 


Compared with the overall equity markets, risk-adjusted returns on investments in HCP Inc are ranked lower than 28 (%) of all global equities and portfolios over the last 30 days.

VMware Inc

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



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