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
Whirlpool Corp. vs Tupperware Brands Corp.
Considering 30-days investment horizon, Whirlpool Corporation is expected to under-perform the Tupperware Brands. But the stock apears to be less risky and, when comparing its historical volatility, Whirlpool Corporation is 1.27 times less risky than Tupperware Brands. The stock trades about -0.22 of its potential returns per unit of risk. The Tupperware Brands Corporation is currently generating about -0.16 of returns per unit of risk over similar time horizon. If you would invest 5,037 in Tupperware Brands Corporation on February 20, 2018 and sell it today you would lose (326.00) from holding Tupperware Brands Corporation or give up 6.47% of portfolio value over 30 days.
|Time Period||1 Month [change]|
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.
Over the last 30 days Whirlpool Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Tupperware Brands Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.