|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between The TJX Companies Inc and Macys Inc. You can compare the effects of market volatilities on T.J. Maxx 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 T.J. Maxx with a short position of Macys. Please also check ongoing floating volatility patterns of T.J. Maxx and Macys.The TJX Companies Inc. vs Macys Inc.
Considering 30-days investment horizon, The TJX Companies Inc is expected to under-perform the Macys. But the stock apears to be less risky and, when comparing its historical volatility, The TJX Companies Inc is 2.86 times less risky than Macys. The stock trades about -0.12 of its potential returns per unit of risk. The Macys Inc is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest 3,532 in Macys Inc on July 30, 2016 and sell it today you would earn a total of 337.00 from holding Macys Inc or generate 9.54% return on investment over 30 days.