Correlation Analysis Between Ingram Micro and Adams Resources

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.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Ingram Micro Inc  vs.  Adams Resources Energy Inc

 Performance (%) 
      Timeline 

Pair Volatility

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

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy88.0%
ValuesDaily Returns

Diversification

Pay attention

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.

Comparative Volatility

 Predicted Return Density 
      Returns 
Ingram Micro  
13 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Ingram Micro are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
Adams Resources Energy  
0 

Risk-Adjusted Performance

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

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1195.88

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