This module allows you to analyze existing cross correlation between CVS Health Corporation and The Home Depot. You can compare the effects of market volatilities on CVS Health and Home Depot 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 Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of CVS Health and Home Depot.
|Time Horizon||30 Days Login to change|
CVS Health Corp. vs. The Home Depot Inc
Considering 30-days investment horizon, CVS Health is expected to generate 1.54 times less return on investment than Home Depot. In addition to that, CVS Health is 2.17 times more volatile than The Home Depot. It trades about 0.1 of its total potential returns per unit of risk. The Home Depot is currently generating about 0.34 per unit of volatility. If you would invest 18,979 in The Home Depot on May 20, 2018 and sell it today you would earn a total of 1,090 from holding The Home Depot or generate 5.74% return on investment over 30 days.