This module allows you to analyze existing cross correlation between Visa and T. You can compare the effects of market volatilities on Visa and T 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 Visa with a short position of T. See also your portfolio center
. Please also check ongoing floating volatility patterns of Visa
Visa Inc vs. AT&T INC.
Taking into account the 30 trading days horizon, Visa is expected to generate 1.17 times more return on investment than T. However, Visa is 1.17 times more volatile than T. It trades about 0.04 of its potential returns per unit of risk. T is currently generating about -0.21 per unit of risk. If you would invest 12,459 in Visa on March 28, 2018 and sell it today you would earn a total of 249.00 from holding Visa or generate 2.0% return on investment over 30 days.
Pair Corralation between Visa and T
|Time Period||2 Months [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Visa Inc and AT&T INC. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on T and Visa 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 Visa are associated (or correlated) with T. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of T has no effect on the direction of Visa i.e. Visa and T go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Visa are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days T has generated negative risk-adjusted returns adding no value to investors with long positions.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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