This module allows you to analyze existing cross correlation between Apple and The Home Depot. You can compare the effects of market volatilities on Apple 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 Apple with a short position of Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Home Depot.
|Time Horizon||30 Days Login to change|
Apple Inc vs. The Home Depot Inc
Given the investment horizon of 30 days, Apple is expected to under-perform the Home Depot. But the stock apears to be less risky and, when comparing its historical volatility, Apple is 1.13 times less risky than Home Depot. The stock trades about -0.13 of its potential returns per unit of risk. The The Home Depot is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest 18,685 in The Home Depot on May 25, 2018 and sell it today you would earn a total of 1,056 from holding The Home Depot or generate 5.65% return on investment over 30 days.