This module allows you to analyze existing cross correlation between CVS Health Corporation and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on CVS Health and Wilshire US 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 CVS Health with a short position of Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of CVS Health and Wilshire US.
|Time Horizon||30 Days Login to change|
Considering 30-days investment horizon, CVS Health Corporation is expected to under-perform the Wilshire US. In addition to that, CVS Health is 1.38 times more volatile than Wilshire US Large Cap Value Ind. It trades about -0.39 of its total potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about -0.19 per unit of volatility. If you would invest 541,695 in Wilshire US Large Cap Value Ind on January 24, 2018 and sell it today you would lose (32,084) from holding Wilshire US Large Cap Value Ind or give up 5.92% of portfolio value over 30 days.