Correlation Between Facebook and WINDSOR MACHINES

By analyzing existing cross correlation between Facebook and WINDSOR MACHINES, you can compare the effects of market volatilities on Facebook and WINDSOR MACHINES 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 Facebook with a short position of WINDSOR MACHINES. Check out your portfolio center. Please also check ongoing floating volatility patterns of Facebook and WINDSOR MACHINES.

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Can any of the company-specific risk be diversified away by investing in both Facebook and WINDSOR MACHINES at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Facebook and WINDSOR MACHINES into the same portfolio, which is an essential part of the fundamental portfolio management process.

Diversification Opportunities for Facebook and WINDSOR MACHINES

0.0
  Correlation Coefficient
Facebook
WINDSOR MACHINES

Pay attention - limited upside

The 3 months correlation between Facebook and WINDSOR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Facebook Inc and WINDSOR MACHINES in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on WINDSOR MACHINES and Facebook 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 Facebook are associated (or correlated) with WINDSOR MACHINES. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WINDSOR MACHINES has no effect on the direction of Facebook i.e. Facebook and WINDSOR MACHINES go up and down completely randomly.

Pair Corralation between Facebook and WINDSOR MACHINES

If you would invest  17,479  in Facebook on June 10, 2020 and sell it today you would earn a total of  7,028  from holding Facebook or generate 40.21% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Facebook Inc  vs.  WINDSOR MACHINES

 Performance (%) 
      Timeline 
Facebook 
1515

Facebook Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Facebook are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Facebook sustained solid returns over the last few months and may actually be approaching a breakup point.
WINDSOR MACHINES 
00

WINDSOR MACHINES Risk-Adjusted Performance

Over the last 30 days WINDSOR MACHINES has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, WINDSOR MACHINES is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Facebook and WINDSOR MACHINES Volatility Contrast

Check out your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.


 
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