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Benchmark  United States  NYSE  11,021   47.239 Index Moved Up 0.43%  


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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 Inc is expected to under-perform the Microsoft. In addition to that, VMware is 1.63 times more volatile than Microsoft Corporation. It trades about -0.25 of its total potential returns per unit of risk. Microsoft Corporation is currently generating about 0.17 per unit of volatility. If you would invest  4,533  in Microsoft Corporation on August 19, 2014 and sell it today you would earn a total of  119.00  from holding Microsoft Corporation or generate 2.63% return on investment over 30 days.

Correlation Coefficient

-0.22
Parameters
Time Period1 Month [change]
DirectionNegative VMW Moved Down vs MSFT
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very 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
Investing ideals could easily outperform a given market if properly optimized
  
Microsoft Report  
  
VMware Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
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.

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
  

Microsoft

  
Compared with the overall equity markets, risk-adjusted returns on investments in Microsoft Corporation are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Microsoft

Cognizant Technology Solutions Corporation vs. Microsoft Corporation
Citrix Systems Inc vs. Microsoft Corporation
F5 Networks Inc vs. Microsoft Corporation
Iron Mountain Inc vs. Microsoft Corporation


 

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