Benchmark  United States  NYSE  10,800   9.7090  0.09% 


Processing
Collecting data for LEA and JCI ...

Correlation analysis between Lear and Johnson

    
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. You can also utilize pair trading strategies of matching a long position in Lear with a short position of Johnson. Please also check ongoing floating volatility patterns of Lear and Johnson.
 Lear Corp.  vs   Johnson Controls Inc.
Daily Returns (%)
LEA   JCI   
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Lear Corp is expected to generate 0.88 times more return on investment than Johnson. However, Lear Corp is 1.14 times less risky than Johnson. It trades about -0.16 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about -0.21 per unit of risk. If you would invest  11,605  in Lear Corp on May 31, 2015 and sell it today you would lose (449.00) from holding Lear Corp or give up 3.87% of portfolio value over 30 days.

Correlation Coefficient

0.71

Parameters

Time Period1 Month [change]
DirectionPositive JCI Moved Up vs LEA
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

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

Historical Performance Chart

Unable to serve this page


Please check the url or try again in few minutes. If you think, this page is due to an error please report it to us here

If you do not have an account with us, please click here for quick registration.
To continue using Macroaxis click here.

We apologize for any inconvenience. This error has been logged, and will be resolved as soon as possible.