This module allows you to analyze existing cross correlation between Twitter and ATT. You can compare the effects of market volatilities on Twitter and ATT 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 ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of Twitter and ATT.
|Horizon||30 Days Login to change|
Compared to the overall equity markets, risk-adjusted returns on investments in Twitter are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively weak forward-looking signals, Twitter reported solid returns over the last few months and may actually be approaching a breakup point.
Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively weak essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.
Twitter and ATT Volatility Contrast
Predicted Return Density
Twitter Inc vs. ATT Inc
Given the investment horizon of 30 days, Twitter is expected to generate 2.02 times more return on investment than ATT. However, Twitter is 2.02 times more volatile than ATT. It trades about 0.13 of its potential returns per unit of risk. ATT is currently generating about 0.23 per unit of risk. If you would invest 3,629 in Twitter on August 18, 2019 and sell it today you would earn a total of 647.00 from holding Twitter or generate 17.83% return on investment over 30 days.
Pair Corralation between Twitter and ATT
|Time Period||3 Months [change]|
Diversification Opportunities for Twitter and ATT
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Twitter Inc and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT 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 ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of Twitter i.e. Twitter and ATT go up and down completely randomly.
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