This module allows you to analyze existing cross correlation between T and Verizon Communications. You can compare the effects of market volatilities on T and Verizon Communications 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 T with a short position of Verizon Communications. See also your portfolio center
. Please also check ongoing floating volatility patterns of T
and Verizon Communications
AT&T INC. vs. Verizon Communications Inc
Taking into account the 30 trading days horizon, T is expected to under-perform the Verizon Communications. In addition to that, T is 1.24 times more volatile than Verizon Communications. It trades about -0.21 of its total potential returns per unit of risk. Verizon Communications is currently generating about 0.03 per unit of volatility. If you would invest 4,909 in Verizon Communications on March 28, 2018 and sell it today you would earn a total of 67.00 from holding Verizon Communications or generate 1.36% return on investment over 30 days.
Pair Corralation between T and Verizon Communications
|Time Period||2 Months [change]|
Overlapping area represents the amount of risk that can be diversified away by holding AT&T INC. and Verizon Communications Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Verizon Communications and T 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 T are associated (or correlated) with Verizon Communications. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Verizon Communications has no effect on the direction of T i.e. T and Verizon Communications go up and down completely randomly.
Over the last 30 days T has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Verizon Communications are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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