Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  11,010   28.189 Index Moved Down -0.26%  


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   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, Lear Corp is expected to generate 1.33 times more return on investment than Johnson. However, Lear is 1.33 times more volatile than Johnson Controls Inc. It trades about 0.19 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about 0.03 per unit of risk. If you would invest  9,609  in Lear Corp on July 30, 2014 and sell it today you would earn a total of  548  from holding Lear Corp or generate 5.7% return on investment over 30 days.

Correlation Coefficient

0.63
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
Investing ideals could easily outperform a given market if properly optimized
  
Johnson Report  
  
Lear Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
LEA   JCI   

Lear Corp

  
Compared with the overall equity markets, risk-adjusted returns on investments in Lear Corp are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Lear

Johnson Controls Inc vs. Lear Corp
BorgWarner Inc vs. Lear Corp
TRW Automotive Holdings Corp vs. Lear Corp
Autoliv Inc vs. Lear Corp
WABCO Holdings Inc vs. Lear Corp
Visteon Corporation vs. Lear Corp
Gentex Corp vs. Lear Corp
Tenneco Inc vs. Lear Corp
Dana Holding Corporation vs. Lear Corp
  

Johnson Controls

  
Compared with the overall equity markets, risk-adjusted returns on investments in Johnson Controls Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Johnson

BorgWarner Inc vs. Johnson Controls Inc
TRW Automotive Holdings Corp vs. Johnson Controls Inc
Autoliv Inc vs. Johnson Controls Inc
Lear Corp vs. Johnson Controls Inc
WABCO Holdings Inc vs. Johnson Controls Inc
Visteon Corporation vs. Johnson Controls Inc
Gentex Corp vs. Johnson Controls Inc
Tenneco Inc vs. Johnson Controls Inc
Dana Holding Corporation vs. Johnson Controls Inc


 
Analytics
Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 
Research Modules
Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 
Services And Technology
Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 
Free Investor Tools
World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 
About Us
About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities