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. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and BonTon Stores.
|Investment Horizon||30 Days Login to change|
Taking into account the 30 trading days horizon, Macys Inc is expected to generate 0.54 times more return on investment than BonTon Stores. However, Macys Inc is 1.85 times less risky than BonTon Stores. It trades about 0.18 of its potential returns per unit of risk. BonTon Stores Inc is currently generating about -0.09 per unit of risk. If you would invest 2,970 in Macys Inc on January 20, 2017 and sell it today you would earn a total of 260.00 from holding Macys Inc or generate 8.75% return on investment over 30 days.