This module allows you to analyze existing cross correlation between Apple and Macys. You can compare the effects of market volatilities on Apple and Macys 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 Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Macys.
|Time Horizon||30 Days Login to change|
Apple Inc vs. Macys Inc
Given the investment horizon of 30 days, Apple is expected to under-perform the Macys. But the stock apears to be less risky and, when comparing its historical volatility, Apple is 3.28 times less risky than Macys. The stock trades about -0.1 of its potential returns per unit of risk. The Macys is currently generating about 0.33 of returns per unit of risk over similar time horizon. If you would invest 3,348 in Macys on May 23, 2018 and sell it today you would earn a total of 584.00 from holding Macys or generate 17.44% return on investment over 30 days.