Ford Motor Company vs. Alcoa Corp.
Taking into account the 30 trading days horizon, Ford Motor Company is expected to generate 0.42 times more return on investment than Alcoa. However, Ford Motor Company is 2.39 times less risky than Alcoa. It trades about 0.13 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.18 per unit of risk. If you would invest 1,144 in Ford Motor Company on May 23, 2018 and sell it today you would earn a total of 27.00 from holding Ford Motor Company or generate 2.36% return on investment over 30 days.
Pair Corralation between Ford Motor and Alcoa
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor Company and Alcoa Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Alcoa and Ford Motor is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Ford Motor Company are associated (or correlated) with Alcoa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Alcoa has no effect on the direction of Ford Motor i.e. Ford Motor and Alcoa go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Ford Motor Company are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days Alcoa Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
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