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Benchmark  United States  NYSE  10,582   17.131 Index Moved Down -0.16%  


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Collecting data for YHOO and VMW ...

Correlation analysis between Yahoo and VMware

 
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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. Please also check ongoing floating volatility patterns of Yahoo and VMware.
 
 Yahoo! Inc.  vs   VMware Inc.
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Daily Returns (%)
YHOO   VMW   
 
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Given investment horizon of 30 days, Yahoo Inc is expected to generate 1.15 times more return on investment than VMware. However, Yahoo is 1.15 times more volatile than VMware Inc. It trades about -0.02 of its potential returns per unit of risk. VMware Inc is currently generating about -0.06 per unit of risk. If you would invest  3,593  in Yahoo Inc on March 24, 2014 and sell it today you would earn a total of  21.00  from holding Yahoo Inc or generate 0.58% return on investment over 30 days.

Diversification

Very 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

Correlation Coefficient

0.51
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs YHOO
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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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.
    

Match-ups 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.
    

Match-ups for VMware

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