This module allows you to analyze existing cross correlation between The Home Depot Inc and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Home Depot and Wilshire US 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 Home Depot with a short position of Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Home Depot and Wilshire US.
|Investment Horizon||30 Days Login to change|
Allowing for the 30-days total investment horizon, The Home Depot Inc is expected to generate 2.88 times more return on investment than Wilshire US. However, Home Depot is 2.88 times more volatile than Wilshire US Large Cap Value Ind. It trades about 0.13 of its potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about -0.01 per unit of risk. If you would invest 16,345 in The Home Depot Inc on October 18, 2017 and sell it today you would earn a total of 405 from holding The Home Depot Inc or generate 2.48% return on investment over 30 days.