Correlation Analysis Between Fair Isaac and F5 Networks

This module allows you to analyze existing cross correlation between Fair Isaac Corproation and F5 Networks. You can compare the effects of market volatilities on Fair Isaac and F5 Networks 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 Fair Isaac with a short position of F5 Networks. See also your portfolio center. Please also check ongoing floating volatility patterns of Fair Isaac and F5 Networks.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Fair Isaac Corproation  
22

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Fair Isaac Corproation are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. Allthough quite persistent forward indicators, Fair Isaac is not utilizing all of its potentials. The new stock price mess, may contribute to short term losses for the partners.
F5 Networks  
00

Risk-Adjusted Performance

Over the last 30 days F5 Networks has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly stable primary indicators, F5 Networks is not utilizing all of its potentials. The new stock price fuss, may contribute to near short-term losses for the directors.

Fair Isaac and F5 Networks Volatility Contrast

 Predicted Return Density 
      Returns 

Fair Isaac Corproation  vs.  F5 Networks Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Fair Isaac Corproation is expected to generate 1.22 times more return on investment than F5 Networks. However, Fair Isaac is 1.22 times more volatile than F5 Networks. It trades about 0.04 of its potential returns per unit of risk. F5 Networks is currently generating about -0.01 per unit of risk. If you would invest  30,592  in Fair Isaac Corproation on August 19, 2019 and sell it today you would earn a total of  1,354  from holding Fair Isaac Corproation or generate 4.43% return on investment over 30 days.

Pair Corralation between Fair Isaac and F5 Networks

0.94
Time Period3 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Fair Isaac and F5 Networks

Fair Isaac Corproation diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac Corproation and F5 Networks Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on F5 Networks and Fair Isaac 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 Fair Isaac Corproation are associated (or correlated) with F5 Networks. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F5 Networks has no effect on the direction of Fair Isaac i.e. Fair Isaac and F5 Networks go up and down completely randomly.
See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.


 
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