Correlation Analysis Between Marriott International and Facebook

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

Marriott International Inc  vs.  Facebook Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Marriott International is expected to generate 0.51 times more return on investment than Facebook. However, Marriott International is 1.95 times less risky than Facebook. It trades about 0.31 of its potential returns per unit of risk. Facebook is currently generating about -0.2 per unit of risk. If you would invest  12,311  in Marriott International on August 26, 2018 and sell it today you would earn a total of  713.00  from holding Marriott International or generate 5.79% return on investment over 30 days.

Pair Corralation between Marriott International and Facebook

-0.62
Time Period1 Month [change]
DirectionNegative 
StrengthWeak
Accuracy95.24%
ValuesDaily Returns

Diversification

Excellent diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Marriott International  
20 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Marriott International are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.
Facebook  
0 

Risk-Adjusted Performance

Over the last 30 days Facebook has generated negative risk-adjusted returns adding no value to investors with long positions.

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1182.95

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