|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between Macys Inc and BonTon Stores Inc. You can compare the effects of market volatilities on Macys and BonTon 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 BonTon. Please also check ongoing floating volatility patterns of Macys and BonTon.Macys Inc. vs BonTon Stores Inc.
|Daily Returns (%)|
Taking into account the 30 trading days horizon, Macys Inc is expected to generate 0.29 times more return on investment than BonTon. However, Macys Inc is 3.47 times less risky than BonTon. It trades about -0.4 of its potential returns per unit of risk. BonTon Stores Inc is currently generating about -0.15 per unit of risk. If you would invest 6,933 in Macys Inc on July 30, 2015 and sell it today you would lose (1,033) from holding Macys Inc or give up 14.9% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density