This module allows you to analyze existing cross correlation between Caterpillar and Deere Company. You can compare the effects of market volatilities on Caterpillar and Deere 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 Caterpillar with a short position of Deere. See also your portfolio center. Please also check ongoing floating volatility patterns of Caterpillar and Deere.
|Time Horizon||30 Days Login to change|
Caterpillar Inc vs. Deere Company
Considering 30-days investment horizon, Caterpillar is expected to generate 0.72 times more return on investment than Deere. However, Caterpillar is 1.39 times less risky than Deere. It trades about -0.26 of its potential returns per unit of risk. Deere Company is currently generating about -0.19 per unit of risk. If you would invest 15,892 in Caterpillar on May 20, 2018 and sell it today you would lose (1,024) from holding Caterpillar or give up 6.44% of portfolio value over 30 days.