Correlation Analysis Between JP Morgan and Ford Motor

This module allows you to analyze existing cross correlation between JP Morgan Chase Co and Ford Motor Company. You can compare the effects of market volatilities on JP Morgan and Ford Motor 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 JP Morgan with a short position of Ford Motor. See also your portfolio center. Please also check ongoing floating volatility patterns of JP Morgan and Ford Motor.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance

JP Morgan Chase  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in JP Morgan Chase Co are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Even with considerably steady technical indicators, JP Morgan is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.
Ford Motor  

Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of sluggish performance in the last few months, the Stock's fundamental drivers remain rather sound which may send shares a bit higher in November 2019. The ongoing tumult may also be a sign of longer-term up-swing for the firm shareholders.

JP Morgan and Ford Motor Volatility Contrast

 Predicted Return Density 

JP Morgan Chase Co  vs.  Ford Motor Company

 Performance (%) 

Pair Volatility

Considering 30-days investment horizon, JP Morgan Chase Co is expected to generate 0.93 times more return on investment than Ford Motor. However, JP Morgan Chase Co is 1.08 times less risky than Ford Motor. It trades about 0.03 of its potential returns per unit of risk. Ford Motor Company is currently generating about -0.14 per unit of risk. If you would invest  11,390  in JP Morgan Chase Co on September 13, 2019 and sell it today you would earn a total of  224.00  from holding JP Morgan Chase Co or generate 1.97% return on investment over 30 days.

Pair Corralation between JP Morgan and Ford Motor

Time Period3 Months [change]
StrengthVery Weak
ValuesDaily Returns

Diversification Opportunities for JP Morgan and Ford Motor

JP Morgan Chase Co diversification synergy

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding JP Morgan Chase Co and Ford Motor Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ford Motor and JP Morgan 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 JP Morgan Chase Co are associated (or correlated) with Ford Motor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ford Motor has no effect on the direction of JP Morgan i.e. JP Morgan and Ford Motor go up and down completely randomly.
See also your portfolio center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.