This module allows you to analyze existing cross correlation between Microsoft Corporation and Fiserv. You can compare the effects of market volatilities on Microsoft and Fiserv 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 Fiserv. See also your portfolio center. Please also check ongoing floating volatility patterns of Microsoft and Fiserv.
Overlapping area represents the amount of risk that can be diversified away by holding Microsoft Corp. and Fiserv Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Fiserv and Microsoft is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Microsoft Corporation are associated (or correlated) with Fiserv. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fiserv has no effect on the direction of Microsoft i.e. Microsoft and Fiserv go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.