Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,583   63.331 Index Moved Up 0.6%  


Processing
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 generate 1.08 times more return on investment than VMware. However, Yahoo is 1.08 times more volatile than VMware Inc. It trades about 0.2 of its potential returns per unit of risk. VMware Inc is currently generating about -0.29 per unit of risk. If you would invest  3,988  in Yahoo Inc on September 24, 2014 and sell it today you would earn a total of  362.00  from holding Yahoo Inc or generate 9.08% return on investment over 30 days.

Correlation Coefficient

0.01
Parameters
Time Period1 Month [change]
DirectionPositive VMW Moved Up vs YHOO
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Significant 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
Investing ideals could easily outperform a given market if properly optimized
Get VMware Inc research report. Reports are available in pdf format. Click VMware Report to view
  
VMware Report  
Get Yahoo Inc research report. Reports are available in pdf format. Click Yahoo Report to view
  
Yahoo Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Yahoo Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Yahoo Inc are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Yahoo

Google Inc vs. Yahoo Inc
Facebook Inc vs. Yahoo Inc
Baidu Inc vs. Yahoo Inc
Akamai Technologies Inc vs. Yahoo Inc
VeriSign Inc vs. Yahoo Inc
IACInterActiveCorp vs. Yahoo Inc
Autohome Inc vs. Yahoo Inc
SouFun Holdings Ltd 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
Concur Technologies Inc vs. VMware Inc
PTC Inc vs. VMware Inc
National Instruments Corporation 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


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities