This module allows you to analyze existing cross correlation between ATT and Salesforce Com. You can compare the effects of market volatilities on ATT and Salesforce 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 Salesforce. See also your portfolio center. Please also check ongoing floating volatility patterns of ATT and Salesforce.
|Horizon||30 Days Login to change|
Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively weak essential indicators, ATT may actually be approaching a critical reversion point that can send shares even higher in November 2019.
Over the last 30 days Salesforce Com has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Salesforce is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.
ATT and Salesforce Volatility Contrast
Predicted Return Density
ATT Inc vs. Salesforce Com Inc
Taking into account the 30 trading days horizon, ATT is expected to generate 0.79 times more return on investment than Salesforce. However, ATT is 1.27 times less risky than Salesforce. It trades about 0.15 of its potential returns per unit of risk. Salesforce Com is currently generating about -0.06 per unit of risk. If you would invest 3,371 in ATT on September 13, 2019 and sell it today you would earn a total of 387.00 from holding ATT or generate 11.48% return on investment over 30 days.
Pair Corralation between ATT and Salesforce
|Time Period||3 Months [change]|
Diversification Opportunities for ATT and Salesforce
Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and Salesforce Com Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Salesforce Com 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 are associated (or correlated) with Salesforce. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Salesforce Com has no effect on the direction of ATT i.e. ATT and Salesforce go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.