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. See also your portfolio center. Please also check ongoing floating volatility patterns of T.J. Maxx and Macys.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, T.J. Maxx is expected to generate 3.82 times less return on investment than Macys. But when comparing it to its historical volatility, The TJX Companies Inc is 2.78 times less risky than Macys. It trades about 0.13 of its potential returns per unit of risk. Macys Inc is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 2,963 in Macys Inc on January 23, 2017 and sell it today you would earn a total of 266.00 from holding Macys Inc or generate 8.98% return on investment over 30 days.