This module allows you to analyze existing cross correlation between Macys and The Home Depot. You can compare the effects of market volatilities on Macys and Home Depot 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 Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of Macys and Home Depot.
|Time Horizon||30 Days Login to change|
Macys Inc vs. The Home Depot Inc
Taking into account the 30 trading days horizon, Macys is expected to generate 3.22 times more return on investment than Home Depot. However, Macys is 3.22 times more volatile than The Home Depot. It trades about 0.22 of its potential returns per unit of risk. The Home Depot is currently generating about 0.34 per unit of risk. If you would invest 3,461 in Macys on May 20, 2018 and sell it today you would earn a total of 412.00 from holding Macys or generate 11.9% return on investment over 30 days.