This module allows you to analyze existing cross correlation between Macys and Best Buy Co. You can compare the effects of market volatilities on Macys and Best Buy 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 Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Best Buy.
|Time Horizon||30 Days Login to change|
Macys Inc vs. Best Buy Co Inc
Taking into account the 30 trading days horizon, Macys is expected to generate 1.14 times more return on investment than Best Buy. However, Macys is 1.14 times more volatile than Best Buy Co. It trades about 0.22 of its potential returns per unit of risk. Best Buy Co is currently generating about -0.04 per unit of risk. If you would invest 3,461 in Macys on May 21, 2018 and sell it today you would earn a total of 427.00 from holding Macys or generate 12.34% return on investment over 30 days.