This module allows you to analyze existing cross correlation between American Airlines Group and Alphabet. You can compare the effects of market volatilities on American Airlines and Alphabet 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 Alphabet. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Alphabet.
|Time Horizon||30 Days Login to change|
American Airlines Group Inc vs. Alphabet Inc
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Alphabet. In addition to that, American Airlines is 1.35 times more volatile than Alphabet. It trades about -0.15 of its total potential returns per unit of risk. Alphabet is currently generating about 0.29 per unit of volatility. If you would invest 107,924 in Alphabet on May 24, 2018 and sell it today you would earn a total of 7,624 from holding Alphabet or generate 7.06% return on investment over 30 days.