This module allows you to analyze existing cross correlation between Alphabet and Macys. You can compare the effects of market volatilities on Alphabet 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 Alphabet with a short position of Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of Alphabet and Macys.
|Time Horizon||30 Days Login to change|
Alphabet Inc vs. Macys Inc
Given the investment horizon of 30 days, Alphabet is expected to generate 1.78 times less return on investment than Macys. But when comparing it to its historical volatility, Alphabet is 2.34 times less risky than Macys. It trades about 0.28 of its potential returns per unit of risk. Macys is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest 3,348 in Macys on May 23, 2018 and sell it today you would earn a total of 412.00 from holding Macys or generate 12.31% return on investment over 30 days.