Considering 30-days investment horizon, Lear Corp is expected to generate 1.3 times more return on investment than Johnson. However, Lear is 1.3 times more volatile than Johnson Controls Inc. It trades about 0.4 of its potential returns per unit of risk. Johnson Controls Inc is currently generating about -0.14 per unit of risk. If you would invest 8,932 in Lear Corp on June 29, 2014 and sell it today you would earn a total of 921 from holding Lear Corp or generate 10.31% return on investment over 30 days.
Compared with the overall equity markets, risk-adjusted returns on investments in Lear Corp are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
Pair trading matchups for Lear
Over the last 30 days Johnson Controls Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Pair trading matchups for Johnson