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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 Microsoft

 
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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. Please also check ongoing floating volatility patterns of VMware and Microsoft.
 
 VMware Inc.  vs   Microsoft Corp.
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Daily Returns (%)
VMW   MSFT   
 
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Considering 30-days investment horizon, VMware Inc is expected to under-perform the Microsoft. In addition to that, VMware is 1.65 times more volatile than Microsoft Corporation. It trades about -0.07 of its total potential returns per unit of risk. Microsoft Corporation is currently generating about -0.04 per unit of volatility. If you would invest  4,034  in Microsoft Corporation on March 24, 2014 and sell it today you would lose (35.00) from holding Microsoft Corporation or give up 0.87% of portfolio value over 30 days.

Diversification

Very weak 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

0.53
Parameters
Time Period1 Month [change]
DirectionPositive MSFT Moved Up vs VMW
StrengthWeak
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
VMW   MSFT   

VMware Inc

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

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Infosys Ltd vs. VMware Inc
  

Microsoft Corporation

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

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