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Benchmark  United States  NYSE  11,053   29.293 Index Moved Up 0.27%  


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Collecting data for VMW and MSFT ...

Correlation analysis between VMware and Microsoft

   
Investment horizon:  
  30 Days    Login   to change
  
 
This module allows you to analyze existing cross correlation between VMware Inc and Microsoft Corporation. You can compare the effects of market volatilities on VMware and Microsoft 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 Microsoft. Please also check ongoing floating volatility patterns of VMware and Microsoft.
 
 VMware Inc.  vs   Microsoft Corp.
Daily Returns (%)
VMW   MSFT   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, VMware is expected to generate 7.0 times less return on investment than Microsoft. In addition to that, VMware is 1.63 times more volatile than Microsoft Corporation. It trades about 0.03 of its total potential returns per unit of risk. Microsoft Corporation is currently generating about 0.35 per unit of volatility. If you would invest  4,174  in Microsoft Corporation on June 24, 2014 and sell it today you would earn a total of  313.00  from holding Microsoft Corporation or generate 7.5% return on investment over 30 days.

Diversification

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

Correlation Coefficient

-0.18
Parameters
Time Period1 Month [change]
DirectionNegative VMW Moved Down vs MSFT
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
VMW   MSFT   

VMware Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for VMware

Concur Technologies Inc vs. VMware Inc
  

Microsoft

  
Compared with the overall equity markets, risk-adjusted returns on investments in Microsoft Corporation are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.

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