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.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the Best Buy. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.32 times less risky than Best Buy. The index trades about -0.1 of its potential returns per unit of risk. The Best Buy Co Inc is currently generating about -0.07 of returns per unit of risk over similar time horizon. If you would invest 7,627 in Best Buy Co Inc on January 25, 2018 and sell it today you would lose (310.00) from holding Best Buy Co Inc or give up 4.06% of portfolio value over 30 days.