This module allows you to analyze existing cross correlation between Verint Systems Inc 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
Verint Systems Inc vs Digimarc Corp.
Given the investment horizon of 30 days, Verint Systems is expected to generate 2.09 times less return on investment than Digimarc. But when comparing it to its historical volatility, Verint Systems Inc is 2.17 times less risky than Digimarc. It trades about 0.23 of its potential returns per unit of risk. Digimarc Corporation is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 3,230 in Digimarc Corporation on September 24, 2017 and sell it today you would earn a total of 355 from holding Digimarc Corporation or generate 10.99% return on investment over 30 days.
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Very poor diversification
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 Inc 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.
Compared to the overall equity markets, risk-adjusted returns on investments in Verint Systems Inc are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Digimarc Corporation are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.