Correlation Analysis Between Twitter and Swiss Mrt

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

 Predicted Return Density 
      Returns 

Twitter Inc  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Twitter is expected to generate 3.05 times more return on investment than Swiss Mrt. However, Twitter is 3.05 times more volatile than Swiss Mrt. It trades about 0.2 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.01 per unit of risk. If you would invest  3,558  in Twitter on July 23, 2019 and sell it today you would earn a total of  722.00  from holding Twitter or generate 20.29% return on investment over 30 days.

Pair Corralation between Twitter and Swiss Mrt

-0.52
Time Period2 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy95.45%
ValuesDaily Returns

Diversification Opportunities for Twitter and Swiss Mrt

Twitter Inc diversification synergy

Excellent diversification

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