Correlation Analysis Between Arthur J and Ford Motor

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

Arthur J Gallagher  
66

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Arthur J Gallagher Co are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. In spite of rather sound fundamental drivers, Arthur J is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
Ford Motor  
00

Risk-Adjusted Performance

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

Arthur J and Ford Motor Volatility Contrast

 Predicted Return Density 
      Returns 

Arthur J Gallagher Co  vs.  Ford Motor Company

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Arthur J Gallagher Co is expected to generate 0.54 times more return on investment than Ford Motor. However, Arthur J Gallagher Co is 1.86 times less risky than Ford Motor. It trades about 0.1 of its potential returns per unit of risk. Ford Motor Company is currently generating about 0.0 per unit of risk. If you would invest  8,964  in Arthur J Gallagher Co on November 16, 2019 and sell it today you would earn a total of  481.00  from holding Arthur J Gallagher Co or generate 5.37% return on investment over 30 days.

Pair Corralation between Arthur J and Ford Motor

0.1
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Arthur J and Ford Motor

Arthur J Gallagher Co diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Arthur J Gallagher Co and Ford Motor Company in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ford Motor and Arthur J 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 Arthur J Gallagher Co are associated (or correlated) with Ford Motor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ford Motor has no effect on the direction of Arthur J i.e. Arthur J and Ford Motor go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.


 
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