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Benchmark  United States  NYSE  11,035   5.514 Index Moved Up 0.05%  


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Correlation analysis between VMware and Microsoft 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 generate 1.38 times more return on investment than Microsoft. However, VMware is 1.38 times more volatile than Microsoft Corporation. It trades about 0.14 of its potential returns per unit of risk. Microsoft Corporation is currently generating about 0.15 per unit of risk. If you would invest  8,396  in VMware Inc on October 27, 2014 and sell it today you would earn a total of  353.00  from holding VMware Inc or generate 4.2% return on investment over 30 days.

Correlation Coefficient

-0.08
Parameters
Time Period1 Month [change]
DirectionNegative VMW Moved Down vs MSFT
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

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
Investing ideals could easily outperform a given market if properly optimized
Get Microsoft Corporation research report. Reports are available in pdf format. Click Microsoft Report to view
  
Microsoft Report  
Get VMware Inc research report. Reports are available in pdf format. Click VMware Report to view
  
VMware Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

VMware Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 7 (%) 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 8 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Microsoft

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