This module allows you to analyze existing cross correlation between Intuit Inc 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
Intuit Inc vs Microsoft Corp.
Given the investment horizon of 30 days, Intuit Inc is expected to generate 0.48 times more return on investment than Microsoft. However, Intuit Inc is 2.07 times less risky than Microsoft. It trades about 0.45 of its potential returns per unit of risk. Microsoft Corporation is currently generating about 0.15 per unit of risk. If you would invest 14,732 in Intuit Inc on October 22, 2017 and sell it today you would earn a total of 1,046 from holding Intuit Inc or generate 7.1% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Intuit Inc 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 Inc 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.
Compared to the overall equity markets, risk-adjusted returns on investments in Intuit Inc are ranked lower than 29 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Microsoft Corporation are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.