Correlation Analysis Between GM and State Street

This module allows you to analyze existing cross correlation between General Motors Company and State Street Emerging Markets E. You can compare the effects of market volatilities on GM and State Street 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 GM with a short position of State Street. See also your portfolio center. Please also check ongoing floating volatility patterns of GM and State Street.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

General Motors  
00

Risk-Adjusted Performance

Over the last 30 days General Motors Company has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest unsteady performance, the Stock's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the business stakeholders.
State Street Emerging  
00

Risk-Adjusted Fund Performance

Over the last 30 days State Street Emerging Markets E has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, State Street is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

GM and State Street Volatility Contrast

General Motors Company  vs.  State Street Emerging Markets

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in State Street Emerging Markets E on November 10, 2019 and sell it today you would earn a total of  100.00  from holding State Street Emerging Markets E or generate -100.0% return on investment over 30 days.

Pair Corralation between GM and State Street

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for GM and State Street

General Motors Company diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding General Motors Company and State Street Emerging Markets in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on State Street Emerging and GM 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 General Motors Company are associated (or correlated) with State Street. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of State Street Emerging has no effect on the direction of GM i.e. GM and State Street go up and down completely randomly.
See also your portfolio center. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.


 
Search macroaxis.com