Correlation Analysis Between Intuit and Microsoft

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

Intuit  vs.  Microsoft Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Intuit is expected to generate 1.09 times more return on investment than Microsoft. However, Intuit is 1.09 times more volatile than Microsoft Corporation. It trades about 0.4 of its potential returns per unit of risk. Microsoft Corporation is currently generating about 0.27 per unit of risk. If you would invest  20,740  in Intuit on August 20, 2018 and sell it today you would earn a total of  1,807  from holding Intuit or generate 8.71% return on investment over 30 days.

Pair Corralation between Intuit and Microsoft

-0.4
Time Period1 Month [change]
DirectionNegative 
StrengthVery Weak
Accuracy87.5%
ValuesDaily Returns

Diversification

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Intuit and Microsoft Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Microsoft and Intuit 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 Intuit 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 Intuit i.e. Intuit and Microsoft go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Intuit  
26 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Intuit are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.
Microsoft  
18 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Microsoft Corporation are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1169.73

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .


 
Search macroaxis.com