Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,140   90.62  0.82% 


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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   
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, VMware Inc is expected to generate 1.61 times more return on investment than Oracle. However, VMware is 1.61 times more volatile than Oracle Corporation. It trades about 0.14 of its potential returns per unit of risk. Oracle Corporation is currently generating about 0.16 per unit of risk. If you would invest  8,340  in VMware Inc on April 3, 2015 and sell it today you would earn a total of  407.00  from holding VMware Inc or generate 4.88% return on investment over 30 days.

Correlation Coefficient

0.02

Parameters

Time Period1 Month [change]
DirectionPositive ORCL Moved Up vs VMW
StrengthInsignificant
Accuracy90.48%
ValuesDaily Returns

Diversification

Significant 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

  
Compared to the overall equity markets, risk-adjusted returns on investments in VMware Inc are ranked lower than 9 (%) 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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Oracle

  
Compared to the overall equity markets, risk-adjusted returns on investments in Oracle Corporation are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Oracle

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