This module allows you to analyze existing cross correlation between Macys and Alcoa Corporation. You can compare the effects of market volatilities on Macys and Alcoa 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 Macys with a short position of Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Alcoa.
|Time Horizon||30 Days Login to change|
Macys Inc vs. Alcoa Corp.
Taking into account the 30 trading days horizon, Macys is expected to generate 1.36 times more return on investment than Alcoa. However, Macys is 1.36 times more volatile than Alcoa Corporation. It trades about 0.2 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.26 per unit of risk. If you would invest 3,461 in Macys on May 19, 2018 and sell it today you would earn a total of 366.00 from holding Macys or generate 10.57% return on investment over 30 days.