Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,140   90.62  0.82% 


Processing
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   
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Oracle is expected to generate 1.37 times less return on investment than VMware. But when comparing it to its historical volatility, Oracle Corporation is 1.61 times less risky than VMware. It trades about 0.16 of its potential returns per unit of risk. VMware Inc is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  8,340  in VMware Inc on April 3, 2015 and sell it today you would earn a total of  407.00  from holding VMware Inc or generate 4.88% return on investment over 30 days.

Correlation Coefficient

0.02

Parameters

Time Period1 Month [change]
DirectionPositive VMW Moved Up vs ORCL
StrengthInsignificant
Accuracy90.48%
ValuesDaily Returns

Diversification

Significant 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 

Oracle

  
Compared to the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle

SAP AG vs. Oracle Corporation
Salesforce Inc vs. Oracle Corporation
Adobe Systems Inc vs. Oracle Corporation
Intuit Inc vs. Oracle Corporation
Red Hat Inc vs. Oracle Corporation
Mobileye NV vs. Oracle Corporation
Ansys Inc vs. Oracle Corporation
Splunk Inc vs. Oracle Corporation
Bank of America Corporation vs. Oracle Corporation
  

VMware Inc

  
Compared to the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
Autodesk Inc vs. VMware Inc
PTC Inc vs. VMware Inc
National Instruments Corporation vs. VMware Inc
Tyler Technologies Inc vs. VMware Inc
Mentor Graphics Corp vs. VMware Inc
ACI Worldwide Inc vs. VMware Inc
ScanSource Inc vs. VMware Inc
Varonis Systems Inc vs. VMware Inc