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Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Correlation analysis between Lear and Johnson

 
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Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Lear Corp and Johnson Controls Inc. You can compare the effects of market volatilities on Lear and Johnson and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Please also check ongoing floating volatility patterns of Lear and Johnson.
 
 Lear Corp.  vs   Johnson Controls Inc.
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Daily Returns (%)
LEA   JCI   
 
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Considering 30-days investment horizon, Lear Corp is expected to generate 1.21 times more return on investment than Johnson. However, Lear is 1.21 times more volatile than Johnson Controls Inc. It trades about 0.01 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about -0.01 per unit of risk. If you would invest  8,402  in Lear Corp on March 19, 2014 and sell it today you would lose (102.00) from holding Lear Corp or give up 1.21% of portfolio value over 30 days.

Diversification

Very poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Lear Corp. and Johnson Controls Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.83
Parameters
Time Period1 Month [change]
DirectionPositive JCI Moved Up vs LEA
StrengthStrong
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
LEA   JCI   

Lear Corp

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

Match-ups for Lear

Johnson Controls Inc vs. Lear Corp
BorgWarner Inc vs. Lear Corp
TRW Automotive Holdings Corp vs. Lear Corp
Visteon Corporation vs. Lear Corp
Tenneco Inc vs. Lear Corp
FederalMogul Corporation vs. Lear Corp
  

Johnson Controls Inc

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

Match-ups for Johnson

BorgWarner Inc vs. Johnson Controls Inc
TRW Automotive Holdings Corp vs. Johnson Controls Inc
Lear Corp vs. Johnson Controls Inc
Visteon Corporation vs. Johnson Controls Inc
Tenneco Inc vs. Johnson Controls Inc
FederalMogul Corporation vs. Johnson Controls Inc