|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between SAP AG and Google Inc. You can compare the effects of market volatilities on S A P and Google 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 S A P with a short position of Google Inc. Please also check ongoing floating volatility patterns of S A P and Google Inc.SAP AG vs Google Inc.
|Daily Returns (%)|
Considering 30-days investment horizon, S A P is expected to generate 3.67 times less return on investment than Google Inc. But when comparing it to its historical volatility, SAP AG is 1.17 times less risky than Google Inc. It trades about 0.06 of its potential returns per unit of risk. Google Inc is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 71,692 in Google Inc on October 29, 2015 and sell it today you would earn a total of 3,334 from holding Google Inc or generate 4.65% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for S A P
Pair trading matchups for Google Inc