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Benchmark  United States  NYSE  10,749   49.829 Index Moved Down -0.46%  


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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   
 
Change Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Lear Corp is expected to under-perform the Johnson. In addition to that, Lear is 1.08 times more volatile than Johnson Controls Inc. It trades about -0.8 of its total potential returns per unit of risk. Johnson Controls Inc is currently generating about -0.56 per unit of volatility. If you would invest  4,830  in Johnson Controls Inc on August 31, 2014 and sell it today you would lose (391.00) from holding Johnson Controls Inc or give up 8.1% of portfolio value over 30 days.

Correlation Coefficient

0.5
Parameters
Time Period1 Month [change]
DirectionPositive JCI Moved Up vs LEA
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak 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
Investing ideals could easily outperform a given market if properly optimized
Get Johnson Controls Inc research report. Reports are available in pdf format. Click Johnson Report to view
  
Johnson Report  
Get Lear Corp research report. Reports are available in pdf format. Click Lear Report to view
  
Lear Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
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.

Pair trading matchups for Lear

Johnson Controls Inc vs. Lear Corp
  

Johnson Controls

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

Pair trading matchups for Johnson

Lear Corp vs. Johnson Controls Inc


 

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