Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,005   46.541 Index Moved Down -0.42%  


Processing
Collecting data for VMW and GOOG ...

Correlation analysis between VMware and Google Correlation analysis between VMware and Google

Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between VMware Inc and Google Inc. You can compare the effects of market volatilities on VMware and Google 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 Google. Please also check ongoing floating volatility patterns of VMware and Google.
 VMware Inc.  vs   Google Inc.
Daily Returns (%)
VMW   GOOG   
 
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, VMware is expected to generate 1.25 times less return on investment than Google. In addition to that, VMware is 1.34 times more volatile than Google Inc. It trades about 0.24 of its total potential returns per unit of risk. Google Inc is currently generating about 0.41 per unit of volatility. If you would invest  52,924  in Google Inc on February 3, 2015 and sell it today you would earn a total of  4,413  from holding Google Inc or generate 8.34% return on investment over 30 days.

Correlation Coefficient

-0.41

Parameters

Time Period1 Month [change]
DirectionNegative VMW Moved Down vs GOOG
StrengthVery Weak
Accuracy86.36%
ValuesDaily Returns

Diversification

Very good diversification

Overlapping area represents amount of risk that can be diversified away by holding VMware Inc. and Google Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
 
Benchmark  Embed   Returns 

VMware Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
Autodesk Inc vs. VMware Inc
National Instruments Corporation vs. VMware Inc
Tyler Technologies Inc vs. VMware Inc
ACI Worldwide Inc vs. VMware Inc
Varonis Systems Inc vs. VMware Inc
  

Google Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Google Inc are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Google

Facebook Inc vs. Google Inc
Baidu Inc vs. Google Inc
Yahoo Inc vs. Google Inc
JD Inc ADR Repst Com Cl A vs. Google Inc
Akamai Technologies Inc vs. Google Inc
VeriSign Inc vs. Google Inc
IACInterActiveCorp vs. Google Inc
Autohome Inc vs. Google Inc
58 Inc vs. Google Inc


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities