This module allows you to analyze existing cross correlation between CVS Health Corporation and Alcoa Corporation. You can compare the effects of market volatilities on CVS Health and Alcoa 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 Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of CVS Health and Alcoa.
|Time Horizon||30 Days Login to change|
CVS Health Corp. vs. Alcoa Corp.
Considering 30-days investment horizon, CVS Health Corporation is expected to generate 0.81 times more return on investment than Alcoa. However, CVS Health Corporation is 1.23 times less risky than Alcoa. It trades about 0.22 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.26 per unit of risk. If you would invest 6,550 in CVS Health Corporation on May 19, 2018 and sell it today you would earn a total of 459.00 from holding CVS Health Corporation or generate 7.01% return on investment over 30 days.