This module allows you to analyze existing cross correlation between Chevron Corporation and The Home Depot. You can compare the effects of market volatilities on Chevron 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 Chevron with a short position of Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of Chevron and Home Depot.
|Time Horizon||30 Days Login to change|
Chevron Corp. vs. The Home Depot Inc
Considering 30-days investment horizon, Chevron Corporation is expected to under-perform the Home Depot. In addition to that, Chevron is 1.73 times more volatile than The Home Depot. It trades about -0.09 of its total potential returns per unit of risk. The Home Depot is currently generating about 0.27 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 920.00 from holding The Home Depot or generate 4.85% return on investment over 30 days.