This module allows you to analyze existing cross correlation between Best Buy Co and Chevron Corporation. You can compare the effects of market volatilities on Best Buy and Chevron 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 Best Buy with a short position of Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Chevron.
|Time Horizon||30 Days Login to change|
Best Buy Co Inc vs. Chevron Corp.
Considering 30-days investment horizon, Best Buy Co is expected to generate 1.03 times more return on investment than Chevron. However, Best Buy is 1.03 times more volatile than Chevron Corporation. It trades about 0.22 of its potential returns per unit of risk. Chevron Corporation is currently generating about -0.03 per unit of risk. If you would invest 7,090 in Best Buy Co on May 24, 2018 and sell it today you would earn a total of 536.00 from holding Best Buy Co or generate 7.56% return on investment over 30 days.