|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 Inc 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 Inc. Please also check ongoing floating volatility patterns of T.J. Maxx and Macys Inc.The TJX Companies Inc. vs Macys Inc.
Considering 30-days investment horizon, T.J. Maxx is expected to generate 4.5 times less return on investment than Macys Inc. But when comparing it to its historical volatility, The TJX Companies Inc is 1.28 times less risky than Macys Inc. It trades about 0.02 of its potential returns per unit of risk. Macys Inc is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 3,882 in Macys Inc on January 9, 2016 and sell it today you would earn a total of 83.00 from holding Macys Inc or generate 2.14% return on investment over 30 days.
Historical Performance Chart
Pair trading matchups for T.J. Maxx
Pair trading matchups for Macys Inc