This module allows you to analyze existing cross correlation between Alcoa Corporation and Ford Motor Company. You can compare the effects of market volatilities on Alcoa and Ford Motor 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 Ford Motor. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Ford Motor.
|Time Horizon||30 Days Login to change|
Alcoa Corp. vs. Ford Motor Company
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to under-perform the Ford Motor. In addition to that, Alcoa is 2.59 times more volatile than Ford Motor Company. It trades about -0.16 of its total potential returns per unit of risk. Ford Motor Company is currently generating about 0.02 per unit of volatility. If you would invest 1,162 in Ford Motor Company on May 24, 2018 and sell it today you would earn a total of 3.00 from holding Ford Motor Company or generate 0.26% return on investment over 30 days.