This module allows you to analyze existing cross correlation between DOW and Best Buy Co Inc. You can compare the effects of market volatilities on DOW and Best Buy 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 DOW with a short position of Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Best Buy.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 2.84 times less return on investment than Best Buy. But when comparing it to its historical volatility, DOW is 3.15 times less risky than Best Buy. It trades about 0.39 of its potential returns per unit of risk. Best Buy Co Inc is currently generating about 0.35 of returns per unit of risk over similar time horizon. If you would invest 5,697 in Best Buy Co Inc on November 11, 2017 and sell it today you would earn a total of 665 from holding Best Buy Co Inc or generate 11.67% return on investment over 30 days.