This module allows you to analyze existing cross correlation between Alcoa Corporation and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Alcoa and Wilshire US 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 Alcoa with a short position of Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Wilshire US.
|Time Horizon||30 Days Login to change|
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to generate 6.16 times more return on investment than Wilshire US. However, Alcoa is 6.16 times more volatile than Wilshire US Large Cap Value Ind. It trades about 0.51 of its potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about 0.53 per unit of risk. If you would invest 4,652 in Alcoa Corporation on December 19, 2017 and sell it today you would earn a total of 1,047 from holding Alcoa Corporation or generate 22.51% return on investment over 30 days.