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Benchmark  United States  NYSE  10,541   21.82 Index Moved Up 0.21%  


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Correlation analysis between VMware and Salesforce

   
Investment horizon:  
  30 Days    Login   to change
This module allows you to analyze existing cross correlation between VMware Inc and Salesforce Inc. You can compare the effects of market volatilities on VMware 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 VMware with a short position of Salesforce. Please also check ongoing floating volatility patterns of VMware and Salesforce.
 
 VMware Inc.  vs   Salesforce.com Inc
Daily Returns (%)
VMW   CRM   
 
Change Benchmark  Embed   Timeline 
Considering 30-days investment horizon, VMware Inc is expected to under-perform the Salesforce. But the stock apears to be less risky and, when comparing its historical volatility, VMware Inc is 1.08 times less risky than Salesforce. The stock trades about -0.32 of its potential returns per unit of risk. The Salesforce Inc is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  5,766  in Salesforce Inc on September 24, 2014 and sell it today you would earn a total of  97.00  from holding Salesforce Inc or generate 1.68% return on investment over 30 days.

Correlation Coefficient

-0.1
Parameters
Time Period1 Month [change]
DirectionNegative VMW Moved Down vs CRM
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding VMware Inc. and Salesforce.com Inc in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get Salesforce Inc research report. Reports are available in pdf format. Click Salesforce Report to view
  
Salesforce Report  
Get VMware Inc research report. Reports are available in pdf format. Click VMware Report to view
  
VMware Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

VMware Inc

  
Over the last 30 days VMware Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for VMware

Mentor Graphics Corp vs. VMware Inc
  

Salesforce Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Salesforce Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Salesforce

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