This module allows you to analyze existing cross correlation between CVS Health Corporation and American Airlines Group. You can compare the effects of market volatilities on CVS Health and American Airlines 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 American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of CVS Health and American Airlines.
|Time Horizon||30 Days Login to change|
CVS Health Corp. vs. American Airlines Group Inc
Considering 30-days investment horizon, CVS Health Corporation is expected to generate 1.31 times more return on investment than American Airlines. However, CVS Health is 1.31 times more volatile than American Airlines Group. It trades about 0.25 of its potential returns per unit of risk. American Airlines Group is currently generating about -0.15 per unit of risk. If you would invest 6,512 in CVS Health Corporation on May 24, 2018 and sell it today you would earn a total of 706.00 from holding CVS Health Corporation or generate 10.84% return on investment over 30 days.