|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 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 with a short position of BonTon Stores. Please also check ongoing floating volatility patterns of Macys and BonTon Stores.Macys Inc. vs BonTon Stores Inc.
Taking into account the 30 trading days horizon, Macys is expected to generate 1.66 times less return on investment than BonTon Stores. But when comparing it to its historical volatility, Macys Inc is 2.28 times less risky than BonTon Stores. It trades about 0.22 of its potential returns per unit of risk. BonTon Stores Inc is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 136.00 in BonTon Stores Inc on June 29, 2016 and sell it today you would earn a total of 15.00 from holding BonTon Stores Inc or generate 11.03% return on investment over 30 days.