Correlation Analysis Between Western Union and Stifel Financial

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

Western Union  
1313

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Western Union Company are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unsteady essential indicators, Western Union unveiled solid returns over the last few months and may actually be approaching a breakup point.
Stifel Financial  
00

Risk-Adjusted Performance

Over the last 30 days Stifel Financial Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Stifel Financial is not utilizing all of its potentials. The late stock price tumult, may contribute to shorter-term losses for the shareholders.

Western Union and Stifel Financial Volatility Contrast

 Predicted Return Density 
      Returns 

Western Union Company  vs.  Stifel Financial Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Western Union Company is expected to generate 0.62 times more return on investment than Stifel Financial. However, Western Union Company is 1.62 times less risky than Stifel Financial. It trades about 0.2 of its potential returns per unit of risk. Stifel Financial Corporation is currently generating about -0.04 per unit of risk. If you would invest  2,040  in Western Union Company on September 17, 2019 and sell it today you would earn a total of  358.00  from holding Western Union Company or generate 17.55% return on investment over 30 days.

Pair Corralation between Western Union and Stifel Financial

-0.18
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Western Union and Stifel Financial

Western Union Company diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Western Union Company and Stifel Financial Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stifel Financial and Western Union 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 Western Union Company are associated (or correlated) with Stifel Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stifel Financial has no effect on the direction of Western Union i.e. Western Union and Stifel Financial go up and down completely randomly.
See also your portfolio center. Please also try CEO Directory module to screen ceos from public companies around the world.


 
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