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 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 with a short position of SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and SP 500.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Apple Inc is expected to under-perform the SP 500. In addition to that, Apple is 2.55 times more volatile than S&P 500. It trades about -0.37 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.29 per unit of volatility. If you would invest 244,424 in S&P 500 on August 27, 2017 and sell it today you would earn a total of 5,242 from holding S&P 500 or generate 2.14% return on investment over 30 days.