This module allows you to analyze existing cross correlation between American Airlines Group and The Home Depot. You can compare the effects of market volatilities on American Airlines and Home Depot 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 Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Home Depot.
|Time Horizon||30 Days Login to change|
American Airlines Group Inc vs. The Home Depot Inc
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Home Depot. In addition to that, American Airlines is 2.11 times more volatile than The Home Depot. It trades about -0.09 of its total potential returns per unit of risk. The Home Depot is currently generating about 0.42 per unit of volatility. If you would invest 18,667 in The Home Depot on May 23, 2018 and sell it today you would earn a total of 1,299 from holding The Home Depot or generate 6.96% return on investment over 30 days.