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. See also your portfolio center. Please also check ongoing floating volatility patterns of Lear Corp and Johnson Controls.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Lear Corp is expected to generate 0.96 times more return on investment than Johnson Controls. However, Lear Corp is 1.05 times less risky than Johnson Controls. It trades about 0.02 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about -0.09 per unit of risk. If you would invest 14,200 in Lear Corp on January 20, 2017 and sell it today you would earn a total of 37.00 from holding Lear Corp or generate 0.26% return on investment over 30 days.