The Home Depot Inc vs. Macys Inc
Allowing for the 30-days total investment horizon, Home Depot is expected to generate 2.35 times less return on investment than Macys. But when comparing it to its historical volatility, The Home Depot is 3.25 times less risky than Macys. It trades about 0.45 of its potential returns per unit of risk. Macys is currently generating about 0.33 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 584.00 from holding Macys or generate 17.44% return on investment over 30 days.
Pair Corralation between Home Depot and Macys
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding The Home Depot Inc and Macys Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Macys and Home Depot is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on The Home Depot are associated (or correlated) with Macys. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Macys has no effect on the direction of Home Depot i.e. Home Depot and Macys go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in The Home Depot are ranked lower than 29 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Macys are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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