Correlation Analysis Between Verint Systems and Digimarc

This module allows you to analyze existing cross correlation between Verint Systems and Digimarc Corporation. You can compare the effects of market volatilities on Verint Systems and Digimarc 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 Digimarc. See also your portfolio center. Please also check ongoing floating volatility patterns of Verint Systems and Digimarc.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Verint Systems Inc  vs.  Digimarc Corp.

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,880  in Digimarc Corporation on July 17, 2018 and sell it today you would earn a total of  0.00  from holding Digimarc Corporation or generate 0.0% return on investment over 30 days.

Pair Corralation between Verint Systems and Digimarc

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Verint Systems Inc and Digimarc Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Digimarc 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 are associated (or correlated) with Digimarc. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Digimarc has no effect on the direction of Verint Systems i.e. Verint Systems and Digimarc go up and down completely randomly.

Comparative Volatility

Verint Systems  
0 

Risk-Adjusted Performance

Over the last 30 days Verint Systems has generated negative risk-adjusted returns adding no value to investors with long positions.
Digimarc  
0 

Risk-Adjusted Performance

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

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1214.38

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.