This module allows you to analyze existing cross correlation between The TJX Companies and Macys. 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. See also your portfolio center. Please also check ongoing floating volatility patterns of T.J. Maxx and Macys.
|Time Horizon||30 Days Login to change|
The TJX Companies Inc vs. Macys Inc
Considering 30-days investment horizon, The TJX Companies is expected to generate 0.36 times more return on investment than Macys. However, The TJX Companies is 2.75 times less risky than Macys. It trades about 0.62 of its potential returns per unit of risk. Macys is currently generating about 0.22 per unit of risk. If you would invest 8,470 in The TJX Companies on May 21, 2018 and sell it today you would earn a total of 1,167 from holding The TJX Companies or generate 13.78% return on investment over 30 days.