This module allows you to analyze existing cross correlation between Microsoft Corporation and Red Hat. You can compare the effects of market volatilities on Microsoft and Red Hat 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 Microsoft with a short position of Red Hat. See also your portfolio center. Please also check ongoing floating volatility patterns of Microsoft and Red Hat.
|Time Horizon||30 Days Login to change|
Microsoft Corp. vs. Red Hat Inc
Given the investment horizon of 30 days, Microsoft Corporation is expected to generate 0.24 times more return on investment than Red Hat. However, Microsoft Corporation is 4.13 times less risky than Red Hat. It trades about 0.12 of its potential returns per unit of risk. Red Hat is currently generating about -0.19 per unit of risk. If you would invest 9,836 in Microsoft Corporation on May 25, 2018 and sell it today you would earn a total of 205.00 from holding Microsoft Corporation or generate 2.08% return on investment over 30 days.