This module allows you to analyze existing cross correlation between Macys and Alphabet. You can compare the effects of market volatilities on Macys and Alphabet 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 Alphabet. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Alphabet.
|Time Horizon||30 Days Login to change|
Macys Inc vs. Alphabet Inc
Taking into account the 30 trading days horizon, Macys is expected to generate 2.37 times more return on investment than Alphabet. However, Macys is 2.37 times more volatile than Alphabet. It trades about 0.18 of its potential returns per unit of risk. Alphabet is currently generating about 0.29 per unit of risk. If you would invest 3,403 in Macys on May 24, 2018 and sell it today you would earn a total of 340.00 from holding Macys or generate 9.99% return on investment over 30 days.