|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 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. Please also check ongoing floating volatility patterns of Apple and SP 500.Apple Inc. vs S&P 500
|Daily Returns (%)|
Given the investment horizon of 30 days, Apple Inc is expected to generate 1.61 times more return on investment than SP 500. However, Apple is 1.61 times more volatile than S&P 500. It trades about -0.07 of its potential returns per unit of risk. S&P 500 is currently generating about -0.16 per unit of risk. If you would invest 11,844 in Apple Inc on August 2, 2015 and sell it today you would lose (568) from holding Apple Inc or give up 4.8% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density