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Benchmark  United States  NYSE  10,582   17.131 Index Moved Down -0.16%  


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Correlation analysis between Microsoft and Expedia

 
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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 and Expedia 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 Microsoft and Expedia.
 
 Microsoft Corp.  vs   Expedia Inc.
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Daily Returns (%)
EXPE   MSFT   
 
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Given investment horizon of 30 days, Microsoft Corporation is expected to under-perform the Expedia. But the stock apears to be less risky and, when comparing its historical volatility, Microsoft Corporation is 1.67 times less risky than Expedia. The stock trades about -0.05 of its potential returns per unit of risk. The Expedia Inc is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  7,116  in Expedia Inc on March 25, 2014 and sell it today you would earn a total of  132.00  from holding Expedia Inc or generate 1.85% return on investment over 30 days.

Diversification

Weak 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

Correlation Coefficient

0.3
Parameters
Time Period1 Month [change]
DirectionPositive EXPE Moved Up vs MSFT
StrengthVery Weak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
EXPE   MSFT   

Microsoft Corporation

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

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Expedia Inc

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

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