|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.
|Daily Returns (%)|
Taking into account the 30 trading days horizon, Macys Inc is expected to under-perform the BonTon Stores. But the stock apears to be less risky and, when comparing its historical volatility, Macys Inc is 4.45 times less risky than BonTon Stores. The stock trades about -0.25 of its potential returns per unit of risk. The BonTon Stores Inc is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 302.00 in BonTon Stores Inc on October 29, 2015 and sell it today you would lose (23.00) from holding BonTon Stores Inc or give up 7.62% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Macys Inc
Pair trading matchups for BonTon Stores