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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 Oracle

 
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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. Please also check ongoing floating volatility patterns of VMware and Oracle.
 
 VMware Inc.  vs   Oracle Corp.
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Daily Returns (%)
VMW   ORCL   
 
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Considering 30-days investment horizon, VMware Inc is expected to under-perform the Oracle. In addition to that, VMware is 1.57 times more volatile than Oracle Corporation. It trades about -0.07 of its total potential returns per unit of risk. Oracle Corporation is currently generating about 0.21 per unit of volatility. If you would invest  3,840  in Oracle Corporation on March 24, 2014 and sell it today you would earn a total of  206.00  from holding Oracle Corporation or generate 5.36% return on investment over 30 days.

Diversification

Very weak 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

Correlation Coefficient

0.46
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs VMW
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
VMW   ORCL   

VMware Inc

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

Oracle Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
    

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