This module allows you to analyze existing cross correlation between Ingram Micro and Adams Resources Energy. You can compare the effects of market volatilities on Ingram Micro and Adams Resources 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 Ingram Micro with a short position of Adams Resources. See also your portfolio center. Please also check ongoing floating volatility patterns of Ingram Micro and Adams Resources.
Allowing for the 30-days total investment horizon, Ingram Micro is expected to generate 114.98 times more return on investment than Adams Resources. However, Ingram Micro is 114.98 times more volatile than Adams Resources Energy. It trades about 0.2 of its potential returns per unit of risk. Adams Resources Energy is currently generating about -0.05 per unit of risk. If you would invest 3,889 in Ingram Micro on June 18, 2018 and sell it today you would earn a total of 288,986 from holding Ingram Micro or generate 7430.86% return on investment over 30 days.
Pair Corralation between Ingram Micro and Adams Resources
Overlapping area represents the amount of risk that can be diversified away by holding Ingram Micro Inc and Adams Resources Energy Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Adams Resources Energy and Ingram Micro 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 Ingram Micro are associated (or correlated) with Adams Resources. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Adams Resources Energy has no effect on the direction of Ingram Micro i.e. Ingram Micro and Adams Resources go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.