This module allows you to analyze existing cross correlation between American Airlines Group and Best Buy Co. You can compare the effects of market volatilities on American Airlines and Best Buy 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 American Airlines with a short position of Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Best Buy.
|Time Horizon||30 Days Login to change|
American Airlines Group Inc vs. Best Buy Co Inc
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Best Buy. But the stock apears to be less risky and, when comparing its historical volatility, American Airlines Group is 1.42 times less risky than Best Buy. The stock trades about -0.12 of its potential returns per unit of risk. The Best Buy Co is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest 7,830 in Best Buy Co on May 20, 2018 and sell it today you would lose (124.00) from holding Best Buy Co or give up 1.58% of portfolio value over 30 days.