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.
Given the investment horizon of 30 days, Verint Systems is expected to generate 0.87 times more return on investment than Digimarc. However, Verint Systems is 1.15 times less risky than Digimarc. It trades about 0.08 of its potential returns per unit of risk. Digimarc Corporation is currently generating about -0.02 per unit of risk. If you would invest 3,880 in Verint Systems on March 23, 2018 and sell it today you would earn a total of 310.00 from holding Verint Systems or generate 7.99% return on investment over 30 days.
Pair Corralation between Verint Systems and Digimarc
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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.