Pair Correlation Between Microsoft Corporation and Expedia Inc

Investment Horizon     30 Days    Login   to change
This module allows you to analyze existing cross correlation between Microsoft Corporation and Expedia Inc. You can compare the effects of market volatilities on Microsoft Corporation and Expedia Inc 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 Microsoft Corporation with a short position of Expedia Inc. Please also check ongoing floating volatility patterns of Microsoft Corporation and Expedia Inc.
 Microsoft Corp.  vs   Expedia Inc.
Daily Returns (%)
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Microsoft Corporation is expected to generate 0.53 times more return on investment than Expedia Inc. However, Microsoft Corporation is 1.9 times less risky than Expedia Inc. It trades about 0.11 of its potential returns per unit of risk. Expedia Inc is currently generating about -0.24 per unit of risk. If you would invest  5,324  in Microsoft Corporation on November 1, 2015 and sell it today you would earn a total of  111.00  from holding Microsoft Corporation or generate 2.08% return on investment over 30 days.

Correlation Coefficient



Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents amount of risk that can be diversified away by holding Microsoft Corp. and Expedia Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility



Risk-adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Microsoft Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Microsoft Corporation


Expedia Inc


Pair trading matchups for Expedia Inc