This module allows you to analyze existing cross correlation between DOW and Macys. 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|
DOW vs. Macys Inc
Given the investment horizon of 30 days, DOW is expected to under-perform the Macys. But the index apears to be less risky and, when comparing its historical volatility, DOW is 4.17 times less risky than Macys. The index trades about -0.04 of its potential returns per unit of risk. The Macys is currently generating about 0.37 of returns per unit of risk over similar time horizon. If you would invest 3,312 in Macys on May 22, 2018 and sell it today you would earn a total of 650.00 from holding Macys or generate 19.63% return on investment over 30 days.