|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 (%)|
Considering 30-days investment horizon, VMware Inc is expected to under-perform the Google. But the stock apears to be less risky and, when comparing its historical volatility, VMware Inc is 1.2 times less risky than Google. The stock trades about -0.28 of its potential returns per unit of risk. The Google Inc is currently generating about -0.09 of returns per unit of risk over similar time horizon. If you would invest 63,121 in Google Inc on August 3, 2015 and sell it today you would lose (3,342) from holding Google Inc or give up 5.29% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for VMware
Pair trading matchups for Google