Pair Correlation Between Sabre and Altaba

This module allows you to analyze existing cross correlation between Sabre Corporation and Altaba Inc. You can compare the effects of market volatilities on Sabre and Altaba 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 Sabre with a short position of Altaba. See also your portfolio center. Please also check ongoing floating volatility patterns of Sabre and Altaba.
Investment Horizon     30 Days    Login   to change
 Sabre Corp.  vs   Altaba Inc
 Performance (%) 

Pair Volatility

If you would invest  5,040  in Altaba Inc on August 26, 2017 and sell it today you would earn a total of  0.00  from holding Altaba Inc or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Sabre and Altaba


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Sabre Corp. and Altaba Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Altaba Inc and Sabre is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Sabre Corporation are associated (or correlated) with Altaba. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Altaba Inc has no effect on the direction of Sabre i.e. Sabre and Altaba go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 



Risk-Adjusted Performance

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