|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Expedia Inc and SAP SE. You can compare the effects of market volatilities on Expedia and S A P 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 Expedia with a short position of S A P. Please also check ongoing floating volatility patterns of Expedia and S A P.Expedia Inc. vs SAP SE
Given the investment horizon of 30 days, Expedia Inc is expected to under-perform the S A P. But the stock apears to be less risky and, when comparing its historical volatility, Expedia Inc is 1.13 times less risky than S A P. The stock trades about -0.28 of its potential returns per unit of risk. The SAP SE is currently generating about -0.23 of returns per unit of risk over similar time horizon. If you would invest 8,107 in SAP SE on May 28, 2016 and sell it today you would lose (897.00) from holding SAP SE or give up 11.06% of portfolio value over 30 days.