|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Expedia Inc and Yahoo Inc. You can compare the effects of market volatilities on Expedia and Yahoo 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 Yahoo. Please also check ongoing floating volatility patterns of Expedia and Yahoo.Expedia Inc. vs Yahoo Inc.
Given the investment horizon of 30 days, Expedia Inc is expected to under-perform the Yahoo. But the stock apears to be less risky and, when comparing its historical volatility, Expedia Inc is 1.22 times less risky than Yahoo. The stock trades about -0.18 of its potential returns per unit of risk. The Yahoo Inc is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest 3,876 in Yahoo Inc on July 26, 2016 and sell it today you would earn a total of 345.00 from holding Yahoo Inc or generate 8.9% return on investment over 30 days.