Correlation Analysis Between Box and Microsoft

This module allows you to analyze existing cross correlation between Box and Microsoft Corporation. You can compare the effects of market volatilities on Box and Microsoft 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 Box with a short position of Microsoft. See also your portfolio center. Please also check ongoing floating volatility patterns of Box and Microsoft.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Box  
00

Risk-Adjusted Performance

Over the last 30 days Box has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, Box is not utilizing all of its potentials. The existing stock price disturbance, may contribute to short term losses for the investors.
Microsoft  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Microsoft Corporation are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, Microsoft is not utilizing all of its potentials. The existing stock price uproar, may contribute to short horizon losses for the leadership.

Box and Microsoft Volatility Contrast

 Predicted Return Density 
      Returns 

Box Inc  vs.  Microsoft Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Box is expected to generate 8.66 times less return on investment than Microsoft. In addition to that, Box is 1.87 times more volatile than Microsoft Corporation. It trades about 0.0 of its total potential returns per unit of risk. Microsoft Corporation is currently generating about 0.04 per unit of volatility. If you would invest  13,569  in Microsoft Corporation on September 17, 2019 and sell it today you would earn a total of  384.00  from holding Microsoft Corporation or generate 2.83% return on investment over 30 days.

Pair Corralation between Box and Microsoft

0.44
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Box and Microsoft

Box Inc diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Box Inc and Microsoft Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Microsoft and Box 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 Box are associated (or correlated) with Microsoft. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Microsoft has no effect on the direction of Box i.e. Box and Microsoft go up and down completely randomly.

Microsoft Corporation

Pair trading matchups for Microsoft

See also your portfolio center. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.


 
Search macroaxis.com