Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  10,600   91.431 Index Moved Down -0.86%  


Processing
Collecting data for VMW and ORCL ...

Correlation analysis between VMware and Oracle Correlation analysis between VMware and Oracle

 
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between VMware Inc and Oracle Corporation. You can compare the effects of market volatilities on VMware and Oracle 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 Oracle. Please also check ongoing floating volatility patterns of VMware and Oracle.
 VMware Inc.  vs   Oracle Corp.
Daily Returns (%)
VMW   ORCL   
 
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, VMware Inc is expected to under-perform the Oracle. In addition to that, VMware is 2.1 times more volatile than Oracle Corporation. It trades about -0.15 of its total potential returns per unit of risk. Oracle Corporation is currently generating about -0.29 per unit of volatility. If you would invest  4,497  in Oracle Corporation on December 31, 2014 and sell it today you would lose (266.50) from holding Oracle Corporation or give up 5.93% of portfolio value over 30 days.

Correlation Coefficient

0.17

Parameters

Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs VMW
StrengthInsignificant
Accuracy95.24%
ValuesDaily Returns

Diversification

Average diversification

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

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Benchmark  Embed   Returns 

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
PTC Inc vs. VMware Inc
National Instruments Corporation vs. VMware Inc
Tyler Technologies Inc vs. VMware Inc
Mentor Graphics Corp vs. VMware Inc
ACI Worldwide Inc vs. VMware Inc
  

Oracle

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

Pair trading matchups for Oracle

SAP AG vs. Oracle Corporation
Salesforce Inc vs. Oracle Corporation
Adobe Systems Inc vs. Oracle Corporation
Intuit Inc vs. Oracle Corporation
Red Hat Inc vs. Oracle Corporation
Splunk Inc vs. Oracle Corporation
Ansys Inc vs. Oracle Corporation
Open Text Corporation vs. Oracle Corporation
Bank of America Corporation vs. Oracle Corporation


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities