Correlation Analysis Between DATA STORAGE and Facebook

This module allows you to analyze existing cross correlation between DATA STORAGE CORP and Facebook. You can compare the effects of market volatilities on DATA STORAGE and Facebook 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 DATA STORAGE with a short position of Facebook. See also your portfolio center. Please also check ongoing floating volatility patterns of DATA STORAGE and Facebook.
Horizon     30 Days    Login   to change
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Comparative Performance

DATA STORAGE CORP  
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Risk-Adjusted Performance

Over the last 30 days DATA STORAGE CORP has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's essential indicators remain unchanging and the late uproar on Wall Street may also be a sign of mid-term gains for the firm leadership.
Facebook  
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Risk-Adjusted Performance

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

DATA STORAGE and Facebook Volatility Contrast

 Predicted Return Density 
      Returns 

DATA STORAGE CORP  vs.  Facebook Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DATA STORAGE CORP is expected to under-perform the Facebook. In addition to that, DATA STORAGE is 3.24 times more volatile than Facebook. It trades about -0.03 of its total potential returns per unit of risk. Facebook is currently generating about -0.06 per unit of volatility. If you would invest  19,260  in Facebook on July 22, 2019 and sell it today you would lose (879.00)  from holding Facebook or give up 4.56% of portfolio value over 30 days.

Pair Corralation between DATA STORAGE and Facebook

0.51
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy97.62%
ValuesDaily Returns

Diversification Opportunities for DATA STORAGE and Facebook

DATA STORAGE CORP diversification synergy

Very weak diversification

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