This module allows you to analyze existing cross correlation between DOW and Macys Inc. You can compare the effects of market volatilities on DOW and Macys 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 Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Macys.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 618.9 times less return on investment than Macys. But when comparing it to its historical volatility, DOW is 2.24 times less risky than Macys. It trades about 0.0 of its potential returns per unit of risk. Macys Inc is currently generating about 0.3 of returns per unit of risk over similar time horizon. If you would invest 2,565 in Macys Inc on February 17, 2018 and sell it today you would earn a total of 325.00 from holding Macys Inc or generate 12.67% return on investment over 30 days.