Correlation Between Microsoft and GREENWICH ASSET
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By analyzing existing cross correlation between Microsoft and GREENWICH ASSET ETF, you can compare the effects of market volatilities on Microsoft and GREENWICH ASSET 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 Microsoft with a short position of GREENWICH ASSET. Check out your portfolio center. Please also check ongoing floating volatility patterns of Microsoft and GREENWICH ASSET.
Diversification Opportunities for Microsoft and GREENWICH ASSET
-0.85 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Microsoft and GREENWICH is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding Microsoft and GREENWICH ASSET ETF in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GREENWICH ASSET ETF and Microsoft 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 Microsoft are associated (or correlated) with GREENWICH ASSET. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GREENWICH ASSET ETF has no effect on the direction of Microsoft i.e., Microsoft and GREENWICH ASSET go up and down completely randomly.
Pair Corralation between Microsoft and GREENWICH ASSET
Given the investment horizon of 90 days Microsoft is expected to generate 0.4 times more return on investment than GREENWICH ASSET. However, Microsoft is 2.51 times less risky than GREENWICH ASSET. It trades about 0.28 of its potential returns per unit of risk. GREENWICH ASSET ETF is currently generating about -0.24 per unit of risk. If you would invest 35,918 in Microsoft on April 4, 2025 and sell it today you would earn a total of 13,929 from holding Microsoft or generate 38.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 95.16% |
| Values | Daily Returns |
Microsoft vs. GREENWICH ASSET ETF
Performance |
| Timeline |
| Microsoft |
| GREENWICH ASSET ETF |
Microsoft and GREENWICH ASSET Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Microsoft and GREENWICH ASSET
The main advantage of trading using opposite Microsoft and GREENWICH ASSET positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Microsoft position performs unexpectedly, GREENWICH ASSET can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GREENWICH ASSET will offset losses from the drop in GREENWICH ASSET's long position.| Microsoft vs. Cresud SACIF y | Microsoft vs. Magnite | Microsoft vs. Townsquare Media | Microsoft vs. Old Dominion Freight |
| GREENWICH ASSET vs. GUINEA INSURANCE PLC | GREENWICH ASSET vs. VITAFOAM NIGERIA PLC | GREENWICH ASSET vs. SECURE ELECTRONIC TECHNOLOGY | GREENWICH ASSET vs. SFS REAL ESTATE |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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