This module allows you to analyze existing cross correlation between Best Buy Co and Macys. You can compare the effects of market volatilities on Best Buy 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 Best Buy with a short position of Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Macys.
|Time Horizon||30 Days Login to change|
Best Buy Co Inc vs. Macys Inc
Considering 30-days investment horizon, Best Buy is expected to generate 18.53 times less return on investment than Macys. But when comparing it to its historical volatility, Best Buy Co is 1.1 times less risky than Macys. It trades about 0.02 of its potential returns per unit of risk. Macys is currently generating about 0.37 of returns per unit of risk over similar time horizon. If you would invest 3,312 in Macys on May 22, 2018 and sell it today you would earn a total of 650.00 from holding Macys or generate 19.63% return on investment over 30 days.