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.
|Investment Horizon||30 Days Login to change|
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to under-perform the Wilshire US. In addition to that, Alcoa is 6.26 times more volatile than Wilshire US Large Cap Value Ind. It trades about -0.14 of its total potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about -0.06 per unit of volatility. If you would invest 501,792 in Wilshire US Large Cap Value Ind on October 19, 2017 and sell it today you would lose (2,304) from holding Wilshire US Large Cap Value Ind or give up 0.46% of portfolio value over 30 days.