|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. You can also utilize pair trading strategies of matching a long position in Microsoft with a short position of Expedia. Please also check ongoing floating volatility patterns of Microsoft and Expedia.Microsoft Corp. vs Expedia Inc.
|Daily Returns (%)|
Given the 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 1.07 times less risky than Expedia. The stock trades about -0.11 of its potential returns per unit of risk. The Expedia Inc is currently generating about -0.07 of returns per unit of risk over similar time horizon. If you would invest 12,144 in Expedia Inc on July 31, 2015 and sell it today you would lose (493.00) from holding Expedia Inc or give up 4.06% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density