This module allows you to analyze existing cross correlation between Fossil Group and The Home Depot. You can compare the effects of market volatilities on Fossil and Home Depot 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 Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of Fossil and Home Depot.
|Time Horizon||30 Days Login to change|
Fossil Group Inc vs. The Home Depot Inc
Given the investment horizon of 30 days, Fossil Group is expected to generate 3.86 times more return on investment than Home Depot. However, Fossil is 3.86 times more volatile than The Home Depot. It trades about 0.64 of its potential returns per unit of risk. The Home Depot is currently generating about 0.4 per unit of risk. If you would invest 2,103 in Fossil Group on May 26, 2018 and sell it today you would earn a total of 997.00 from holding Fossil Group or generate 47.41% return on investment over 30 days.