This module allows you to analyze existing cross correlation between T and Best Buy Co. You can compare the effects of market volatilities on T and Best Buy 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 T with a short position of Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of T and Best Buy.
|Time Horizon||30 Days Login to change|
AT&T INC. vs. Best Buy Co Inc
Taking into account the 30 trading days horizon, T is expected to generate 0.78 times more return on investment than Best Buy. However, T is 1.29 times less risky than Best Buy. It trades about -0.02 of its potential returns per unit of risk. Best Buy Co is currently generating about -0.02 per unit of risk. If you would invest 3,259 in T on May 20, 2018 and sell it today you would lose (40.00) from holding T or give up 1.23% of portfolio value over 30 days.