Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  11,029   12.043 Index Moved Down -0.11%  


Processing
Collecting data for TJX and M ...

Correlation analysis between T.J. Maxx and Macys Correlation analysis between T.J. Maxx and Macys

   
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.
Daily Returns (%)
TJX   M   
 
Change Benchmark  Embed   Timeline 
Considering 30-days investment horizon, T.J. Maxx is expected to generate 4.69 times less return on investment than Macys. But when comparing it to its historical volatility, The TJX Companies Inc is 1.83 times less risky than Macys. It trades about 0.1 of its potential returns per unit of risk. Macys Inc is currently generating about 0.25 of returns per unit of risk over similar time horizon. If you would invest  5,849  in Macys Inc on October 27, 2014 and sell it today you would earn a total of  541  from holding Macys Inc or generate 9.25% return on investment over 30 days.

Correlation Coefficient

0.32
Parameters
Time Period1 Month [change]
DirectionPositive M Moved Up vs TJX
StrengthVery Weak
Accuracy95.65%
ValuesDaily Returns

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding The TJX Companies Inc. and Macys Inc. in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get Macys Inc research report. Reports are available in pdf format. Click Macys Report to view
  
Macys Report  
Get The TJX Companies Inc research report. Reports are available in pdf format. Click T.J. Maxx Report to view
  
T.J. Maxx Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

The TJX Companies

  
Compared with the overall equity markets, risk-adjusted returns on investments in The TJX Companies Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for T.J. Maxx

Macys Inc vs. The TJX Companies Inc
Kohls Corp vs. The TJX Companies Inc
Dillards Inc vs. The TJX Companies Inc
Sears Holdings Corporation vs. The TJX Companies Inc
Belk Inc vs. The TJX Companies Inc
J C Penney Company Inc vs. The TJX Companies Inc
Myer Holdings Limited vs. The TJX Companies Inc
Store One Retail India Ltd vs. The TJX Companies Inc
BonTon Stores Inc vs. The TJX Companies Inc
  

Macys Inc

  
Compared with the overall equity markets, risk-adjusted returns on investments in Macys Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Macys

The TJX Companies Inc vs. Macys Inc
Kohls Corp vs. Macys Inc
Dillards Inc vs. Macys Inc
Sears Holdings Corporation vs. Macys Inc
Belk Inc vs. Macys Inc
J C Penney Company Inc vs. Macys Inc
Myer Holdings Limited vs. Macys Inc
Store One Retail India Ltd vs. Macys Inc
BonTon Stores Inc vs. Macys Inc


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities