This module allows you to analyze existing cross correlation between International Business Machines Corporation and The Home Depot. You can compare the effects of market volatilities on International Business and Home Depot 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 International Business with a short position of Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of International Business and Home Depot.
|Time Horizon||30 Days Login to change|
International Business Machine vs. The Home Depot Inc
Considering 30-days investment horizon, International Business Machines Corporation is expected to under-perform the Home Depot. But the stock apears to be less risky and, when comparing its historical volatility, International Business Machines Corporation is 1.08 times less risky than Home Depot. The stock trades about -0.14 of its potential returns per unit of risk. The The Home Depot is currently generating about 0.42 of returns per unit of risk over similar time horizon. If you would invest 18,667 in The Home Depot on May 23, 2018 and sell it today you would earn a total of 1,299 from holding The Home Depot or generate 6.96% return on investment over 30 days.