Correlation Analysis Between Twitter and JP Morgan

This module allows you to analyze existing cross correlation between Twitter and JP Morgan Chase Co. You can compare the effects of market volatilities on Twitter and JP Morgan 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 Twitter with a short position of JP Morgan. See also your portfolio center. Please also check ongoing floating volatility patterns of Twitter and JP Morgan.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Twitter  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Twitter are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively invariable forward-looking signals, Twitter is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
JP Morgan Chase  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in JP Morgan Chase Co are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Even with considerably steady technical indicators, JP Morgan is not utilizing all of its potentials. The latest stock price chaos, may contribute to medium term losses for the stakeholders.

Twitter and JP Morgan Volatility Contrast

 Predicted Return Density 
      Returns 

Twitter Inc  vs.  JP Morgan Chase Co

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Twitter is expected to generate 1.21 times less return on investment than JP Morgan. In addition to that, Twitter is 1.49 times more volatile than JP Morgan Chase Co. It trades about 0.03 of its total potential returns per unit of risk. JP Morgan Chase Co is currently generating about 0.06 per unit of volatility. If you would invest  11,427  in JP Morgan Chase Co on September 18, 2019 and sell it today you would earn a total of  632.00  from holding JP Morgan Chase Co or generate 5.53% return on investment over 30 days.

Pair Corralation between Twitter and JP Morgan

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Twitter and JP Morgan

Twitter Inc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Twitter Inc and JP Morgan Chase Co in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on JP Morgan Chase and Twitter 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 Twitter are associated (or correlated) with JP Morgan. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JP Morgan Chase has no effect on the direction of Twitter i.e. Twitter and JP Morgan go up and down completely randomly.
See also your portfolio center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.


 
Search macroaxis.com