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Correlation Between Spark Networks and Facebook

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

Spark Networks  
77

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Spark Networks are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days. Inspite fairly weak primary indicators, Spark Networks showed solid returns over the last few months and may actually be approaching a breakup point.
Facebook  
55

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Facebook are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days. Despite somewhat unfluctuating basic indicators, Facebook may actually be approaching a critical reversion point that can send shares even higher in March 2020.

Spark Networks and Facebook Volatility Contrast

 Predicted Return Density 
    
  Returns 

Spark Networks Inc  vs.  Facebook Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, Spark Networks is expected to generate 2.3 times more return on investment than Facebook. However, Spark Networks is 2.3 times more volatile than Facebook. It trades about 0.11 of its potential returns per unit of risk. Facebook is currently generating about 0.09 per unit of risk. If you would invest  539.00  in Spark Networks on January 18, 2020 and sell it today you would earn a total of  116.00  from holding Spark Networks or generate 21.52% return on investment over 30 days.

Pair Corralation between Spark Networks and Facebook

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

Diversification Opportunities for Spark Networks and Facebook

Spark Networks Inc diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Spark Networks Inc and Facebook Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Facebook and Spark Networks 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 Spark Networks are associated (or correlated) with Facebook. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Facebook has no effect on the direction of Spark Networks i.e. Spark Networks and Facebook go up and down completely randomly.
Check out your portfolio center. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.