This module allows you to analyze existing cross correlation between Rite Aid Corporation and Macys. You can compare the effects of market volatilities on Rite Aid and Macys 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 Rite Aid with a short position of Macys. See also your portfolio center. Please also check ongoing floating volatility patterns of Rite Aid and Macys.
|Time Horizon||30 Days Login to change|
Rite Aid Corp. vs. Macys Inc
Considering 30-days investment horizon, Rite Aid Corporation is expected to generate 0.81 times more return on investment than Macys. However, Rite Aid Corporation is 1.24 times less risky than Macys. It trades about 0.45 of its potential returns per unit of risk. Macys is currently generating about 0.18 per unit of risk. If you would invest 166.00 in Rite Aid Corporation on May 25, 2018 and sell it today you would earn a total of 36.00 from holding Rite Aid Corporation or generate 21.69% return on investment over 30 days.