|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 (%)|
Considering 30-days investment horizon, The TJX Companies Inc is expected to generate 1.22 times more return on investment than Macys. However, T.J. Maxx is 1.22 times more volatile than Macys Inc. It trades about 0.05 of its potential returns per unit of risk. Macys Inc is currently generating about -0.37 per unit of risk. If you would invest 6,956 in The TJX Companies Inc on August 4, 2015 and sell it today you would earn a total of 128.00 from holding The TJX Companies Inc or generate 1.84% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for T.J. Maxx
Pair trading matchups for Macys