|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 under-perform the Johnson Controls. In addition to that, Lear Corp is 1.9 times more volatile than Johnson Controls Inc. It trades about -0.27 of its total potential returns per unit of risk. Johnson Controls Inc is currently generating about -0.15 per unit of volatility. If you would invest 4,415 in Johnson Controls Inc on May 29, 2016 and sell it today you would lose (210.00) from holding Johnson Controls Inc or give up 4.76% of portfolio value over 30 days.