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Benchmark  United States  NYSE  10,845   132.81 Index Moved Up 1.24%  


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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 generate 0.62 times more return on investment than VMware. However, Oracle Corporation is 1.62 times less risky than VMware. It trades about 0.08 of its potential returns per unit of risk. VMware Inc is currently generating about -0.27 per unit of risk. If you would invest  3,827  in Oracle Corporation on October 2, 2014 and sell it today you would earn a total of  78.00  from holding Oracle Corporation or generate 2.04% return on investment over 30 days.

Correlation Coefficient

0.67
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs ORCL
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor 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
Investing ideals could easily outperform a given market if properly optimized
Get VMware Inc research report. Reports are available in pdf format. Click VMware Report to view
  
VMware Report  
Get Oracle Corporation research report. Reports are available in pdf format. Click Oracle Report to view
  
Oracle Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Oracle

  
Compared with the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle

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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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