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Benchmark  United States  NYSE  10,566   16.312 Index Moved Down -0.15%  


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Collecting data for ORCL and VMW ...

Correlation analysis between Oracle and VMware

 
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Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Oracle Corporation and VMware Inc. You can compare the effects of market volatilities on Oracle and VMware 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 Oracle and VMware.
 
 Oracle Corp.  vs   VMware Inc.
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Daily Returns (%)
VMW   ORCL   
 
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Given investment horizon of 30 days, Oracle Corporation is expected to generate 0.51 times more return on investment than VMware. However, Oracle Corporation is 1.95 times less risky than VMware. It trades about 0.13 of its potential returns per unit of risk. VMware Inc is currently generating about -0.22 per unit of risk. If you would invest  3,908  in Oracle Corporation on March 25, 2014 and sell it today you would earn a total of  71.00  from holding Oracle Corporation or generate 1.82% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Oracle Corp. and VMware Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.48
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs ORCL
StrengthWeak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
VMW   ORCL   

Oracle Corporation

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

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VMware Inc

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

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