|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 generate 1.53 times more return on investment than Alphabet. However, S A P is 1.53 times more volatile than Alphabet Inc. It trades about 0.12 of its potential returns per unit of risk. Alphabet Inc is currently generating about -0.07 per unit of risk. If you would invest 8,728 in SAP SE on July 31, 2016 and sell it today you would earn a total of 151.00 from holding SAP SE or generate 1.73% return on investment over 30 days.