This module allows you to analyze existing cross correlation between Alcoa Corporation and T. You can compare the effects of market volatilities on Alcoa and T 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 T. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and T.
|Time Horizon||30 Days Login to change|
Alcoa Corp. vs. AT&T INC.
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to under-perform the T. In addition to that, Alcoa is 1.15 times more volatile than T. It trades about -0.23 of its total potential returns per unit of risk. T is currently generating about -0.03 per unit of volatility. If you would invest 3,259 in T on May 21, 2018 and sell it today you would lose (53.00) from holding T or give up 1.63% of portfolio value over 30 days.