Correlation Analysis Between ATT and Ford Motor

This module allows you to analyze existing cross correlation between ATT and Ford Motor Company. You can compare the effects of market volatilities on ATT and Ford Motor 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 Ford Motor. See also your portfolio center. Please also check ongoing floating volatility patterns of ATT and Ford Motor.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

ATT  
1313

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively weak essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.
Ford Motor  
00

Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest sluggish performance, the Stock's fundamental drivers remain sound and the ongoing tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.

ATT and Ford Motor Volatility Contrast

 Predicted Return Density 
      Returns 

ATT Inc  vs.  Ford Motor Company

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, ATT is expected to generate 0.71 times more return on investment than Ford Motor. However, ATT is 1.41 times less risky than Ford Motor. It trades about 0.2 of its potential returns per unit of risk. Ford Motor Company is currently generating about -0.09 per unit of risk. If you would invest  3,279  in ATT on September 17, 2019 and sell it today you would earn a total of  502.00  from holding ATT or generate 15.31% return on investment over 30 days.

Pair Corralation between ATT and Ford Motor

-0.57
Time Period3 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for ATT and Ford Motor

ATT Inc diversification synergy

Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and Ford Motor Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ford Motor 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 Ford Motor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ford Motor has no effect on the direction of ATT i.e. ATT and Ford Motor go up and down completely randomly.
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.


 
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