This module allows you to analyze existing cross correlation between Fossil Group Inc and Aarons Inc. You can compare the effects of market volatilities on Fossil and Aarons 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 Fossil with a short position of Aarons. See also your portfolio center
. Please also check ongoing floating volatility patterns of Fossil
Fossil Group Inc vs Aarons Inc
Given the investment horizon of 30 days, Fossil Group Inc is expected to generate 7.34 times more return on investment than Aarons. However, Fossil is 7.34 times more volatile than Aarons Inc. It trades about 0.15 of its potential returns per unit of risk. Aarons Inc is currently generating about 0.07 per unit of risk. If you would invest 1,003 in Fossil Group Inc on January 19, 2018 and sell it today you would earn a total of 448.00 from holding Fossil Group Inc or generate 44.67% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Fossil Group Inc and Aarons Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Aarons Inc and Fossil 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 Fossil Group Inc are associated (or correlated) with Aarons. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aarons Inc has no effect on the direction of Fossil i.e. Fossil and Aarons go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Fossil Group Inc are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Aarons Inc are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.