This module allows you to analyze existing cross correlation between Citigroup and Macys. You can compare the effects of market volatilities on Citigroup 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 Citigroup with a short position of Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Macys.
|Time Horizon||30 Days Login to change|
Citigroup Inc vs. Macys Inc
Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the Macys. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup is 2.18 times less risky than Macys. The stock trades about -0.22 of its potential returns per unit of risk. The Macys is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 3,461 in Macys on May 19, 2018 and sell it today you would earn a total of 366.00 from holding Macys or generate 10.57% return on investment over 30 days.