Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  10,989   114.0176 Index Moved Up 1.0484%  


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Collecting data for YHOO and VMW ...

Correlation analysis between Yahoo and VMware  

    
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Yahoo Inc and VMware Inc. You can compare the effects of market volatilities on Yahoo and VMware 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 Yahoo with a short position of VMware. Please also check ongoing floating volatility patterns of Yahoo and VMware.
 Yahoo! Inc.  vs   VMware Inc.
Daily Returns (%)
YHOO   VMW   
Benchmark  Embed   Timeline 
Given the investment horizon of 30 days, Yahoo Inc is expected to generate 1.14 times more return on investment than VMware. However, Yahoo is 1.14 times more volatile than VMware Inc. It trades about 0.07 of its potential returns per unit of risk. VMware Inc is currently generating about -0.16 per unit of risk. If you would invest  4,411  in Yahoo Inc on March 1, 2015 and sell it today you would earn a total of  84.00  from holding Yahoo Inc or generate 1.9% return on investment over 30 days.

Correlation Coefficient

0.35

Parameters

Time Period1 Month [change]
DirectionPositive VMW Moved Up vs YHOO
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Yahoo! Inc. and VMware Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Yahoo Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Yahoo Inc are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Yahoo

Google Inc vs. Yahoo Inc
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Baidu Inc vs. Yahoo Inc
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Akamai Technologies Inc vs. Yahoo Inc
VeriSign Inc vs. Yahoo Inc
IACInterActiveCorp vs. Yahoo Inc
Autohome Inc vs. Yahoo Inc
58 Inc vs. Yahoo Inc
  

VMware Inc

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

Pair trading matchups for VMware

Infosys Ltd vs. VMware Inc
Autodesk Inc vs. VMware Inc
National Instruments Corporation vs. VMware Inc
PTC Inc vs. VMware Inc
Tyler Technologies Inc vs. VMware Inc
Mentor Graphics Corp vs. VMware Inc
ACI Worldwide Inc vs. VMware Inc
ScanSource Inc vs. VMware Inc
Varonis Systems Inc vs. VMware Inc