This module allows you to analyze existing cross correlation between Apple and Visa. You can compare the effects of market volatilities on Apple and Visa 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 Visa. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Visa.
|Time Horizon||30 Days Login to change|
Apple Inc vs. Visa Inc
Given the investment horizon of 30 days, Apple is expected to under-perform the Visa. But the stock apears to be less risky and, when comparing its historical volatility, Apple is 1.19 times less risky than Visa. The stock trades about -0.02 of its potential returns per unit of risk. The Visa is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 13,071 in Visa on May 22, 2018 and sell it today you would earn a total of 479.00 from holding Visa or generate 3.66% return on investment over 30 days.