Macys has a volatility of 3.99 and is 7.25 times more volatile than DOW. 36%
of all equities and portfolios are less risky than Macys. Compared to the overall equity markets, volatility of historical daily returns of Macys is lower than 36 (%)
of all global equities and portfolios over the last 30 days. Use Macys to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Macys to be traded at $33.39 in 30 days
. As returns on market increase, returns on owning Macys are expected to decrease at a much smaller rate. During bear market, Macys is likely to outperform the market.
Macys correlation with market
Overlapping area represents the amount of risk that can be diversified away by holding Macys Inc and equity matching DJI index in the same portfolio.