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 generate 3.57 times more return on investment than SP 500. However, Apple is 3.57 times more volatile than S&P 500. It trades about 0.42 of its potential returns per unit of risk. S&P 500 is currently generating about 0.46 per unit of risk. If you would invest 12,000 in Apple Inc on January 20, 2017 and sell it today you would earn a total of 1,572 from holding Apple Inc or generate 13.1% return on investment over 30 days.