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Correlation Between Facebook and Spark Networks

Analyzing existing cross correlation between Facebook and Spark Networks. You can compare the effects of market volatilities on Facebook and Spark 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 Facebook with a short position of Spark Networks. Check out your portfolio center. Please also check ongoing floating volatility patterns of Facebook and Spark Networks.

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Diversification Opportunities for Facebook and Spark Networks

Facebook Inc diversification synergy
0.86
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Very poor diversification

The 3 months correlation between Facebook and Spark is 0.86. Overlapping area represents the amount of risk that can be diversified away by holding Facebook Inc and Spark Networks Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Spark Networks 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 Spark Networks. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Spark Networks has no effect on the direction of Facebook i.e. Facebook and Spark Networks go up and down completely randomly.

Pair Corralation between Facebook and Spark Networks

Allowing for the 30-days total investment horizon, Facebook is expected to generate 0.71 times more return on investment than Spark Networks. However, Facebook is 1.42 times less risky than Spark Networks. It trades about -0.07 of its potential returns per unit of risk. Spark Networks is currently generating about -0.13 per unit of risk. If you would invest  21,306  in Facebook on March 7, 2020 and sell it today you would lose (4,751)  from holding Facebook or give up 22.3% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Facebook Inc  vs.  Spark Networks Inc

 Performance (%) 
    
  Timeline 
Facebook 
00

Facebook Risk-Adjusted Performance

Over the last 30 days Facebook has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in May 2020. The current disturbance may also be a sign of long term up-swing for the company investors.
Spark Networks 
00

Spark Networks Risk-Adjusted Performance

Over the last 30 days Spark Networks has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite weak performance in the last few months, the Stock's primary indicators remain fairly stable which may send shares a bit higher in May 2020. The continuing fuss may also be a sign of long-term up-swing for the venture directors.

Facebook and Spark Networks Volatility Contrast

 Predicted Return Density 
    
  Returns 
Check out your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.


 
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