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Benchmark  United States  NYSE  11,046   36.629 Index Moved Up 0.33%  


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Collecting data for VMW and ORCL ...

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   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, VMware Inc is expected to under-perform the Oracle. In addition to that, VMware is 1.76 times more volatile than Oracle Corporation. It trades about -0.05 of its total potential returns per unit of risk. Oracle Corporation is currently generating about 0.25 per unit of volatility. If you would invest  4,010  in Oracle Corporation on August 2, 2014 and sell it today you would earn a total of  143.00  from holding Oracle Corporation or generate 3.57% return on investment over 30 days.

Correlation Coefficient

0.14
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs VMW
StrengthInsignificant
Accuracy100.0%
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
Investing ideals could easily outperform a given market if properly optimized
  
Oracle Report  
  
VMware Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
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.

Pair trading matchups for VMware

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Oracle

  
Compared with the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle

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