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Benchmark  United States  NYSE  10,937   50.536 Index Moved Down -0.46%  


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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 
If you would invest  9,681  in VMware Inc on June 29, 2014 and sell it today you would earn a total of  69.00  from holding VMware Inc or generate 0.71% return on investment over 30 days.

Diversification

Poor 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

0.69
Parameters
Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs VMW
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
VMW   ORCL   

VMware Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
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ScanSource 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
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FireEye Inc vs. Oracle Corporation
Nuance Communications Inc vs. Oracle Corporation


 
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