This module allows you to analyze existing cross correlation between DOW and Best Buy Co. 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|
DOW vs. Best Buy Co Inc
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 2.34 times less risky than Best Buy. The index trades about -0.02 of its potential returns per unit of risk. The Best Buy Co is currently generating about 0.41 of returns per unit of risk over similar time horizon. If you would invest 6,818 in Best Buy Co on May 26, 2018 and sell it today you would earn a total of 808.00 from holding Best Buy Co or generate 11.85% return on investment over 30 days.