Correlation Analysis Between Salesforce and Twitter

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

Comparative Performance

Salesforce  
00

Risk-Adjusted Performance

Over the last 30 days Salesforce has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Salesforce is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.
Twitter  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Twitter are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively weak forward-looking signals, Twitter reported solid returns over the last few months and may actually be approaching a breakup point.

Salesforce and Twitter Volatility Contrast

 Predicted Return Density 
      Returns 

Salesforce com Inc  vs.  Twitter Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Salesforce is expected to under-perform the Twitter. But the stock apears to be less risky and, when comparing its historical volatility, Salesforce is 1.5 times less risky than Twitter. The stock trades about 0.0 of its potential returns per unit of risk. The Twitter is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  3,629  in Twitter on August 18, 2019 and sell it today you would earn a total of  647.00  from holding Twitter or generate 17.83% return on investment over 30 days.

Pair Corralation between Salesforce and Twitter

0.83
Time Period3 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Salesforce and Twitter

Salesforce com Inc diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Salesforce com Inc and Twitter Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Twitter 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 Twitter. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Twitter has no effect on the direction of Salesforce i.e. Salesforce and Twitter go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.


 
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