|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Apple Inc and S&P 500. You can compare the effects of market volatilities on Apple Inc and SP 500 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 Apple Inc with a short position of SP 500. Please also check ongoing floating volatility patterns of Apple Inc and SP 500.Apple Inc. vs S&P 500
|Daily Returns (%)|
Given the investment horizon of 30 days, Apple Inc is expected to generate 1.06 times less return on investment than SP 500. In addition to that, Apple Inc is 1.41 times more volatile than S&P 500. It trades about 0.05 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.07 per unit of volatility. If you would invest 192,122 in S&P 500 on September 4, 2015 and sell it today you would earn a total of 3,014 from holding S&P 500 or generate 1.57% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density