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Benchmark  United States  NYSE  10,936   4.99 Index Moved Down -0.05%  


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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   
 
Change Benchmark  Embed  Timeline 
Given the investment horizon of 30 days, Yahoo Inc is expected to under-perform the VMware. In addition to that, Yahoo is 1.6 times more volatile than VMware Inc. It trades about -0.13 of its total potential returns per unit of risk. VMware Inc is currently generating about 0.01 per unit of volatility. If you would invest  9,411  in VMware Inc on June 12, 2014 and sell it today you would earn a total of  5.00  from holding VMware Inc or generate 0.05% return on investment over 30 days.

Diversification

Modest 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

Correlation Coefficient

0.2
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs YHOO
StrengthVery Weak
Accuracy95.24%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
YHOO   VMW   

Yahoo Inc

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

Pair trading matchups for Yahoo

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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

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