Pair Correlation Between Microsoft and Kingtone Wirelessinfo

This module allows you to analyze existing cross correlation between Microsoft Corporation and Kingtone Wirelessinfo Solution Holding Ltd. You can compare the effects of market volatilities on Microsoft and Kingtone Wirelessinfo 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 Kingtone Wirelessinfo. See also your portfolio center. Please also check ongoing floating volatility patterns of Microsoft and Kingtone Wirelessinfo.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Microsoft Corp.  vs.  Kingtone Wirelessinfo Solution

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  536.00  in Kingtone Wirelessinfo Solution Holding Ltd on March 24, 2018 and sell it today you would earn a total of  0.00  from holding Kingtone Wirelessinfo Solution Holding Ltd or generate 0.0% return on investment over 30 days.

Pair Corralation between Microsoft and Kingtone Wirelessinfo

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Microsoft Corp. and Kingtone Wirelessinfo Solution in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kingtone Wirelessinfo 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 Kingtone Wirelessinfo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kingtone Wirelessinfo has no effect on the direction of Microsoft i.e. Microsoft and Kingtone Wirelessinfo go up and down completely randomly.

Comparative Volatility

Microsoft  
0 

Risk-Adjusted Performance

Over the last 30 days Microsoft Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
Kingtone Wirelessinfo  
0 

Risk-Adjusted Performance

Over the last 30 days Kingtone Wirelessinfo Solution Holding Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1065.28

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