|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.
|Daily Returns (%)|
Considering 30-days investment horizon, The TJX Companies Inc is expected to generate 0.61 times more return on investment than Macys Inc. However, The TJX Companies Inc is 1.65 times less risky than Macys Inc. It trades about -0.04 of its potential returns per unit of risk. Macys Inc is currently generating about -0.25 per unit of risk. If you would invest 7,308 in The TJX Companies Inc on October 29, 2015 and sell it today you would lose (174.00) from holding The TJX Companies Inc or give up 2.38% of portfolio value over 30 days.
Historical Performance Chart
Predicted Return Density