This module allows you to analyze existing cross correlation between Ford Motor Company and Macys. You can compare the effects of market volatilities on Ford Motor and Macys 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 Ford Motor with a short position of Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of Ford Motor and Macys.
|Time Horizon||30 Days Login to change|
Ford Motor Company vs. Macys Inc
Taking into account the 30 trading days horizon, Ford Motor is expected to generate 3.82 times less return on investment than Macys. But when comparing it to its historical volatility, Ford Motor Company is 3.25 times less risky than Macys. It trades about 0.2 of its potential returns per unit of risk. Macys is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest 3,461 in Macys on May 21, 2018 and sell it today you would earn a total of 476.00 from holding Macys or generate 13.75% return on investment over 30 days.