This module allows you to analyze existing cross correlation between Alphabet and American Airlines Group. You can compare the effects of market volatilities on Alphabet and American Airlines 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 Alphabet with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of Alphabet and American Airlines.
|Time Horizon||30 Days Login to change|
Alphabet Inc vs. American Airlines Group Inc
Given the investment horizon of 30 days, Alphabet is expected to generate 0.64 times more return on investment than American Airlines. However, Alphabet is 1.55 times less risky than American Airlines. It trades about 0.3 of its potential returns per unit of risk. American Airlines Group is currently generating about -0.1 per unit of risk. If you would invest 107,958 in Alphabet on May 19, 2018 and sell it today you would earn a total of 7,268 from holding Alphabet or generate 6.73% return on investment over 30 days.