Correlation Analysis Between Majestic Wine and Berkshire Hathaway

This module allows you to analyze existing cross correlation between Majestic Wine Plc and Berkshire Hathaway Inc New. You can compare the effects of market volatilities on Majestic Wine and Berkshire Hathaway 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 Majestic Wine with a short position of Berkshire Hathaway. See also your portfolio center. Please also check ongoing floating volatility patterns of Majestic Wine and Berkshire Hathaway.
Horizon     30 Days    Login   to change
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Comparative Performance

Majestic Wine Plc  
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Risk-Adjusted Performance

Over the last 30 days Majestic Wine Plc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's fundamental drivers remain sound and the ongoing tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.
Berkshire Hathaway New  
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Risk-Adjusted Performance

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

Majestic Wine and Berkshire Hathaway Volatility Contrast

Majestic Wine Plc  vs.  Berkshire Hathaway Inc New

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Berkshire Hathaway Inc New on November 9, 2019 and sell it today you would earn a total of  0.00  from holding Berkshire Hathaway Inc New or generate 0.0% return on investment over 30 days.

Pair Corralation between Majestic Wine and Berkshire Hathaway

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.79%
ValuesDaily Returns

Diversification Opportunities for Majestic Wine and Berkshire Hathaway

Majestic Wine Plc diversification synergy

Pay attention

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