Correlation Analysis Between Verint Systems and Altaba

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

Verint Systems Inc  vs.  Altaba Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Verint Systems is expected to generate 2.11 times less return on investment than Altaba. In addition to that, Verint Systems is 1.11 times more volatile than Altaba. It trades about 0.03 of its total potential returns per unit of risk. Altaba is currently generating about 0.06 per unit of volatility. If you would invest  5,993  in Altaba on November 10, 2018 and sell it today you would earn a total of  308.00  from holding Altaba or generate 5.14% return on investment over 30 days.

Pair Corralation between Verint Systems and Altaba

-0.14
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy97.62%
ValuesDaily Returns

Diversification

Verint Systems Inc diversification synergy

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Verint Systems  
1

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Verint Systems are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Altaba  
4

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Altaba are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1038.25

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.


 
Search macroaxis.com