This module allows you to analyze existing cross correlation between Alphabet and Apple. You can compare the effects of market volatilities on Alphabet and Apple 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 Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of Alphabet and Apple.
|Time Horizon||30 Days Login to change|
Alphabet Inc vs. Apple Inc
Given the investment horizon of 30 days, Alphabet is expected to generate 1.54 times more return on investment than Apple. However, Alphabet is 1.54 times more volatile than Apple. It trades about 0.29 of its potential returns per unit of risk. Apple is currently generating about -0.11 per unit of risk. If you would invest 107,924 in Alphabet on May 24, 2018 and sell it today you would earn a total of 7,624 from holding Alphabet or generate 7.06% return on investment over 30 days.