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.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 0.09 times more return on investment than Macys. However, DOW is 10.59 times less risky than Macys. It trades about 0.5 of its potential returns per unit of risk. Macys Inc is currently generating about 0.02 per unit of risk. If you would invest 2,345,836 in DOW on November 16, 2017 and sell it today you would earn a total of 119,338 from holding DOW or generate 5.09% return on investment over 30 days.