This module allows you to analyze existing cross correlation between Macys and Apple. You can compare the effects of market volatilities on Macys and Apple 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 Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Apple.
|Time Horizon||30 Days Login to change|
Macys Inc vs. Apple Inc
Taking into account the 30 trading days horizon, Macys is expected to generate 3.28 times more return on investment than Apple. However, Macys is 3.28 times more volatile than Apple. It trades about 0.33 of its potential returns per unit of risk. Apple is currently generating about -0.1 per unit of risk. If you would invest 3,348 in Macys on May 23, 2018 and sell it today you would earn a total of 584.00 from holding Macys or generate 17.44% return on investment over 30 days.