Macroaxis: Personalized Investing

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Benchmark  United States  NYSE  10,875   9.9912 Index Moved Up 0.092%  


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Collecting data for M and BONT ...

Correlation analysis between Macys and BonTon  

    
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 (%)
BONT   M   
Benchmark  Embed   Timeline 
Taking into account the 30 trading days horizon, Macys Inc is expected to under-perform the BonTon. But the stock apears to be less risky and, when comparing its historical volatility, Macys Inc is 6.73 times less risky than BonTon. The stock trades about 0.0 of its potential returns per unit of risk. The BonTon Stores Inc is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  555  in BonTon Stores Inc on February 27, 2015 and sell it today you would earn a total of  114.00  from holding BonTon Stores Inc or generate 20.54% return on investment over 30 days.

Correlation Coefficient

0.49

Parameters

Time Period1 Month [change]
DirectionPositive BONT Moved Up vs M
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Macys Inc. and BonTon Stores Inc. in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Macys Inc

  
Over the last 30 days Macys Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Macys

The TJX Companies Inc vs. Macys Inc
Kohls Corp vs. Macys Inc
Dillards Inc vs. Macys Inc
Sears Holdings Corporation vs. Macys Inc
J C Penney Company Inc vs. Macys Inc
Myer Holdings Limited vs. Macys Inc
Alon Blue Square Israel Ltd vs. Macys Inc
BonTon Stores Inc vs. Macys Inc
Belk Inc vs. Macys Inc
  

BonTon Stores

  
Compared with the overall equity markets, risk-adjusted returns on investments in BonTon Stores Inc are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for BonTon

The TJX Companies Inc vs. BonTon Stores Inc
Macys Inc vs. BonTon Stores Inc
Kohls Corp vs. BonTon Stores Inc
Dillards Inc vs. BonTon Stores Inc
Sears Holdings Corporation vs. BonTon Stores Inc
J C Penney Company Inc vs. BonTon Stores Inc
Myer Holdings Limited vs. BonTon Stores Inc
Alon Blue Square Israel Ltd vs. BonTon Stores Inc
Belk Inc vs. BonTon Stores Inc