|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 Inc is expected to generate 1.03 times more return on investment than BonTon Stores. However, Macys is 1.03 times more volatile than BonTon Stores Inc. It trades about -0.23 of its potential returns per unit of risk. BonTon Stores Inc is currently generating about -0.52 per unit of risk. If you would invest 3,959 in Macys Inc on April 29, 2016 and sell it today you would lose (687.00) from holding Macys Inc or give up 17.35% of portfolio value over 30 days.