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Benchmark  United States  NYSE  10,726   203.363 Index Moved Down -1.86%  


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Collecting data for SAP and VMW ...

Correlation analysis between S A P and VMware

   
Investment horizon:  
  30 Days    Login   to change
  
 
This module allows you to analyze existing cross correlation between SAP AG and VMware Inc. You can compare the effects of market volatilities on S A P 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 S A P with a short position of VMware. Please also check ongoing floating volatility patterns of S A P and VMware.
 
 SAP AG  vs   VMware Inc.
Daily Returns (%)
SAP   VMW   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, S A P is expected to generate 1.67 times less return on investment than VMware. But when comparing it to its historical volatility, SAP AG is 1.64 times less risky than VMware. It trades about 0.06 of its potential returns per unit of risk. VMware Inc is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  9,759  in VMware Inc on July 2, 2014 and sell it today you would earn a total of  177.00  from holding VMware Inc or generate 1.81% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding SAP AG and VMware Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.23
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs SAP
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
SAP   VMW   

SAP AG

  
Compared with the overall equity markets, risk-adjusted returns on investments in SAP AG are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for S A P

Oracle Corporation vs. SAP AG
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Nuance Communications Inc vs. SAP AG
  

VMware Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
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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


 
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