Correlation Analysis Between Whirlpool and Tupperware Brands

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

Whirlpool Corp.  vs.  Tupperware Brands Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Whirlpool Corporation is expected to generate 0.45 times more return on investment than Tupperware Brands. However, Whirlpool Corporation is 2.23 times less risky than Tupperware Brands. It trades about 0.01 of its potential returns per unit of risk. Tupperware Brands Corporation is currently generating about -0.13 per unit of risk. If you would invest  15,063  in Whirlpool Corporation on June 18, 2018 and sell it today you would earn a total of  13.00  from holding Whirlpool Corporation or generate 0.09% return on investment over 30 days.

Pair Corralation between Whirlpool and Tupperware Brands

0.18
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Whirlpool  
0 

Risk-Adjusted Performance

Over the last 30 days Whirlpool Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
Tupperware Brands  
0 

Risk-Adjusted Performance

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

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