|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.
|Daily Returns (%)|
Considering 30-days investment horizon, Lear Corp is expected to generate 0.92 times more return on investment than Johnson Controls. However, Lear Corp is 1.08 times less risky than Johnson Controls. It trades about 0.15 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about 0.07 per unit of risk. If you would invest 12,013 in Lear Corp on October 25, 2015 and sell it today you would earn a total of 451.00 from holding Lear Corp or generate 3.75% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Lear Corp
Pair trading matchups for Johnson Controls