This module allows you to analyze existing cross correlation between Macys and Citigroup. You can compare the effects of market volatilities on Macys and Citigroup 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 Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Citigroup.
|Time Horizon||30 Days Login to change|
Macys Inc vs. Citigroup Inc
Taking into account the 30 trading days horizon, Macys is expected to generate 1.87 times more return on investment than Citigroup. However, Macys is 1.87 times more volatile than Citigroup. It trades about 0.37 of its potential returns per unit of risk. Citigroup is currently generating about -0.19 per unit of risk. If you would invest 3,312 in Macys on May 22, 2018 and sell it today you would earn a total of 650.00 from holding Macys or generate 19.63% return on investment over 30 days.