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Benchmark  United States  NYSE  10,936   4.99 Index Moved Down -0.05%  


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Collecting data for ORCL and VMW ...

Correlation analysis between Oracle and VMware

   
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. You can also utilize pair trading strategies of matching a long position in Oracle with a short position of VMware. Please also check ongoing floating volatility patterns of Oracle and VMware.
 
 Oracle Corp.  vs   VMware Inc.
Daily Returns (%)
VMW   ORCL   
 
Change Benchmark  Embed  Timeline 
Given the investment horizon of 30 days, Oracle Corporation is expected to under-perform the VMware. But the stock apears to be less risky and, when comparing its historical volatility, Oracle Corporation is 1.05 times less risky than VMware. The stock trades about -0.21 of its potential returns per unit of risk. The VMware Inc is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest  9,505  in VMware Inc on June 13, 2014 and sell it today you would lose (89.00) from holding VMware Inc or give up 0.94% of portfolio value over 30 days.

Diversification

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

0.36
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs ORCL
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
VMW   ORCL   

Oracle

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

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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.

Pair trading matchups for VMware

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