Pair Correlation Between ATT and Apple

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

Pair Volatility

If you would invest  3,381  in ATT Inc on November 15, 2017 and sell it today you would earn a total of  443  from holding ATT Inc or generate 13.1% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between ATT and Apple


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and Apple Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Apple Inc and ATT 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 ATT Inc are associated (or correlated) with Apple. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apple Inc has no effect on the direction of ATT i.e. ATT and Apple go up and down completely randomly.

Comparative Volatility



Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT Inc are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.