Pair Correlation Between Oracle and VMware Inc

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 Inc 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 Oracle with a short position of VMware Inc. Please also check ongoing floating volatility patterns of Oracle and VMware Inc.
 Oracle Corp.  vs   VMware Inc.
Daily Returns (%)
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Oracle Corporation is expected to generate 0.95 times more return on investment than VMware Inc. However, Oracle Corporation is 1.05 times less risky than VMware Inc. It trades about 0.05 of its potential returns per unit of risk. VMware Inc is currently generating about -0.01 per unit of risk. If you would invest  3,761  in Oracle Corporation on September 10, 2015 and sell it today you would earn a total of  49.00  from holding Oracle Corporation or generate 1.3% return on investment over 30 days.

Correlation Coefficient



Time Period1 Month [change]
DirectionPositive VMW Moved Up vs ORCL
ValuesDaily Returns


Average 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

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 



Risk-adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle


VMware Inc


Risk-adjusted Performance

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

Pair trading matchups for VMware Inc