- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Salesforce and SPTSX Comp. You can compare the effects of market volatilities on Salesforce and SPTSX Comp 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 Salesforce with a short position of SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Salesforce and SPTSX Comp.
|Horizon||30 Days Login to change|
Predicted Return Density
Salesforce com inc vs. SPTSX Comp
Considering 30-days investment horizon, Salesforce is expected to under-perform the SPTSX Comp. In addition to that, Salesforce is 3.9 times more volatile than SPTSX Comp. It trades about -0.03 of its total potential returns per unit of risk. SPTSX Comp is currently generating about 0.21 per unit of volatility. If you would invest 1,606,790 in SPTSX Comp on March 26, 2019 and sell it today you would earn a total of 51,860 from holding SPTSX Comp or generate 3.23% return on investment over 30 days.
Pair Corralation between Salesforce and SPTSX Comp
|Time Period||2 Months [change]|
Diversification Opportunities for Salesforce and SPTSX Comp
Overlapping area represents the amount of risk that can be diversified away by holding Salesforce com inc and SPTSX Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SPTSX Comp and Salesforce 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 Salesforce are associated (or correlated) with SPTSX Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SPTSX Comp has no effect on the direction of Salesforce i.e. Salesforce and SPTSX Comp go up and down completely randomly.
Pair trading matchups for Salesforce
Pair trading matchups for SPTSX Comp
See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.