SPDR S&P 500 ETF Trust x Balanced Portfolio Correlations
Historical price and correlation data
This multi-factor forecast for Paypal Holdings (PYPL) is based on a weighted average of five factor-dervied forecasts.Backtest PYPL
Component Pearson Correlations
About Heat Map Colors
The X-axis displays trading days by date, and the Y-axis contains different n-day average correlation look back periods. For example, The 180-day average of Pearson correlation value calculated on a specific date appears on the heat map at the intersection of Y-coordinate "180" and X-coordinate of the specific date.
SPY is an investment trust that seeks to match the price and yield performance of the S&P 500 Index. As such, SPY holds a portfolio of common stocks in proportion to their weighting in the index. The goal of this exchange-traded security is to provide investment returns broadly comparable to those of the S&P 500 Index.