Pair Correlation Between Macys and Bon Ton

This module allows you to analyze existing cross correlation between Macys Inc and The Bon Ton Stores Inc. You can compare the effects of market volatilities on Macys and Bon Ton 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 Bon Ton. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Bon Ton.
Investment Horizon     30 Days    Login   to change
 Macys Inc  vs   The Bon Ton Stores Inc
 Performance (%) 

Pair Volatility

If you would invest  1,998  in Macys Inc on November 15, 2017 and sell it today you would earn a total of  502  from holding Macys Inc or generate 25.13% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Macys and Bon Ton


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Macys Inc and The Bon Ton Stores Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on The Bon Ton and Macys is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Macys Inc are associated (or correlated) with Bon Ton. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of The Bon Ton has no effect on the direction of Macys i.e. Macys and Bon Ton go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Macys Inc


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Macys Inc are ranked lower than 25 (%) of all global equities and portfolios over the last 30 days.