This module allows you to analyze existing cross correlation between Datalink Corporation and Altaba Inc. You can compare the effects of market volatilities on Datalink and Altaba 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 Datalink with a short position of Altaba. See also your portfolio center
. Please also check ongoing floating volatility patterns of Datalink
Datalink Corp. vs Altaba Inc
If you would invest 7,440 in Altaba Inc on February 15, 2018 and sell it today you would earn a total of 550.00 from holding Altaba Inc or generate 7.39% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Datalink Corp. and Altaba Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Altaba Inc and Datalink 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 Datalink Corporation are associated (or correlated) with Altaba. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Altaba Inc has no effect on the direction of Datalink i.e. Datalink and Altaba go up and down completely randomly.
Over the last 30 days Datalink Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Altaba Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.