|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 Inc and BonTon Stores 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 Inc with a short position of BonTon Stores. Please also check ongoing floating volatility patterns of Macys Inc and BonTon Stores.Macys Inc. vs BonTon Stores Inc.
Taking into account the 30 trading days horizon, Macys Inc is expected to generate 0.23 times more return on investment than BonTon Stores. However, Macys Inc is 4.29 times less risky than BonTon Stores. It trades about 0.1 of its potential returns per unit of risk. BonTon Stores Inc is currently generating about -0.02 per unit of risk. If you would invest 3,764 in Macys Inc on January 14, 2016 and sell it today you would earn a total of 161.00 from holding Macys Inc or generate 4.28% return on investment over 30 days.
Historical Performance Chart
Pair trading matchups for Macys Inc
Pair trading matchups for BonTon Stores