|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between SAP SE and Alphabet Inc. You can compare the effects of market volatilities on S A P and Alphabet 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 S A P with a short position of Alphabet. Please also check ongoing floating volatility patterns of S A P and Alphabet.SAP SE vs Alphabet Inc.
Considering 30-days investment horizon, SAP SE is expected to under-perform the Alphabet. In addition to that, S A P is 1.94 times more volatile than Alphabet Inc. It trades about -0.17 of its total potential returns per unit of risk. Alphabet Inc is currently generating about -0.29 per unit of volatility. If you would invest 73,572 in Alphabet Inc on May 30, 2016 and sell it today you would lose (5,568) from holding Alphabet Inc or give up 7.57% of portfolio value over 30 days.