- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between VMware and NASDAQ UK. You can compare the effects of market volatilities on VMware and NASDAQ UK 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 VMware with a short position of NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of VMware and NASDAQ UK.
|Horizon||30 Days Login to change|
Predicted Return Density
VMware Inc vs. NASDAQ UK
Considering 30-days investment horizon, VMware is expected to generate 2.04 times more return on investment than NASDAQ UK. However, VMware is 2.04 times more volatile than NASDAQ UK. It trades about 0.21 of its potential returns per unit of risk. NASDAQ UK is currently generating about 0.04 per unit of risk. If you would invest 17,512 in VMware on March 26, 2019 and sell it today you would earn a total of 2,337 from holding VMware or generate 13.35% return on investment over 30 days.
Pair Corralation between VMware and NASDAQ UK
|Time Period||2 Months [change]|
Diversification Opportunities for VMware and NASDAQ UK
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding VMware Inc and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK and VMware 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 VMware are associated (or correlated) with NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of VMware i.e. VMware and NASDAQ UK go up and down completely randomly.
Pair trading matchups for VMware
Pair trading matchups for NASDAQ UK
See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.