This module allows you to analyze existing cross correlation between Walmart and XU100. You can compare the effects of market volatilities on Walmart and XU100 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 Walmart with a short position of XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Walmart and XU100.
|Horizon||30 Days Login to change|
Predicted Return Density
Walmart Inc vs. XU100
Considering 30-days investment horizon, Walmart is expected to generate 4.58 times less return on investment than XU100. But when comparing it to its historical volatility, Walmart is 1.07 times less risky than XU100. It trades about 0.01 of its potential returns per unit of risk. XU100 is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 9,557,312 in XU100 on July 25, 2019 and sell it today you would earn a total of 157,592 from holding XU100 or generate 1.65% return on investment over 30 days.
Pair Corralation between Walmart and XU100
|Time Period||2 Months [change]|
Diversification Opportunities for Walmart and XU100
Overlapping area represents the amount of risk that can be diversified away by holding Walmart Inc and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 and Walmart 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 Walmart are associated (or correlated) with XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Walmart i.e. Walmart and XU100 go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.