|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Lear Corp and Johnson Controls Inc. You can compare the effects of market volatilities on Lear Corp and Johnson Controls 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 Lear Corp with a short position of Johnson Controls. Please also check ongoing floating volatility patterns of Lear Corp and Johnson Controls.Lear Corp. vs Johnson Controls Inc.
Considering 30-days investment horizon, Lear Corp is expected to generate 1.97 times less return on investment than Johnson Controls. But when comparing it to its historical volatility, Lear Corp is 1.05 times less risky than Johnson Controls. It trades about 0.1 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 4,168 in Johnson Controls Inc on April 24, 2016 and sell it today you would earn a total of 220.00 from holding Johnson Controls Inc or generate 5.28% return on investment over 30 days.
Historical Performance Chart