This module allows you to analyze existing cross correlation between Verint Systems Inc and Altaba Inc. You can compare the effects of market volatilities on Verint Systems and Altaba 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 Verint Systems with a short position of Altaba. See also your portfolio center
. Please also check ongoing floating volatility patterns of Verint Systems
Verint Systems Inc vs Altaba Inc.
Given the investment horizon of 30 days, Verint Systems is expected to generate 1.53 times less return on investment than Altaba. But when comparing it to its historical volatility, Verint Systems Inc is 1.85 times less risky than Altaba. It trades about 0.19 of its potential returns per unit of risk. Altaba Inc is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 7,090 in Altaba Inc on December 20, 2017 and sell it today you would earn a total of 333 from holding Altaba Inc or generate 4.7% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Verint Systems Inc and Altaba Inc. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Altaba Inc and Verint Systems is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Verint Systems Inc are associated (or correlated) with Altaba. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Altaba Inc has no effect on the direction of Verint Systems i.e. Verint Systems and Altaba go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Verint Systems Inc are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Altaba Inc are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.