This module allows you to analyze existing cross correlation between Best Buy Co and Ford Motor Company. You can compare the effects of market volatilities on Best Buy and Ford Motor 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 Ford Motor. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Ford Motor.
|Time Horizon||30 Days Login to change|
Best Buy Co Inc vs. Ford Motor Company
Considering 30-days investment horizon, Best Buy Co is expected to under-perform the Ford Motor. In addition to that, Best Buy is 2.85 times more volatile than Ford Motor Company. It trades about -0.05 of its total potential returns per unit of risk. Ford Motor Company is currently generating about 0.2 per unit of volatility. If you would invest 1,151 in Ford Motor Company on May 21, 2018 and sell it today you would earn a total of 41.00 from holding Ford Motor Company or generate 3.56% return on investment over 30 days.