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Benchmark  United States  NYSE  10,599   39.667 Index Moved Up 0.38%  


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Correlation analysis between VMware and Google

 
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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. Please also check ongoing floating volatility patterns of VMware and Google.
 
 VMware Inc.  vs   Google Inc.
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Daily Returns (%)
VMW   GOOG   
 
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Considering 30-days investment horizon, VMware Inc is expected to generate 0.2 times more return on investment than Google. However, VMware Inc is 4.89 times less risky than Google. It trades about -0.07 of its potential returns per unit of risk. Google Inc is currently generating about -0.25 per unit of risk. If you would invest  11,008  in VMware Inc on March 24, 2014 and sell it today you would lose (524) from holding VMware Inc or give up 4.76% of portfolio value over 30 days.

Diversification

Weak 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

Correlation Coefficient

0.31
Parameters
Time Period1 Month [change]
DirectionPositive GOOG Moved Up vs VMW
StrengthVery Weak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
VMW   GOOG   

VMware Inc

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

Match-ups for VMware

Infosys Ltd vs. VMware Inc
  

Google Inc

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

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