Pair Correlation Between Macys and ATT

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

Pair Volatility

If you would invest  2,569  in Macys Inc on November 13, 2017 and sell it today you would earn a total of  20  from holding Macys Inc or generate 0.78% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Macys and ATT


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Macys Inc and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT Inc 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 ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT Inc has no effect on the direction of Macys i.e. Macys and ATT go up and down completely randomly.

Comparative Volatility

Macys Inc


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Macys Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.