This module allows you to analyze existing cross correlation between Visa and Alcoa Corporation. You can compare the effects of market volatilities on Visa and Alcoa 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 Visa with a short position of Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of Visa and Alcoa.
|Time Horizon||30 Days Login to change|
Visa Inc vs. Alcoa Corp.
Taking into account the 30 trading days horizon, Visa is expected to generate 0.4 times more return on investment than Alcoa. However, Visa is 2.47 times less risky than Alcoa. It trades about 0.25 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.08 per unit of risk. If you would invest 12,969 in Visa on May 26, 2018 and sell it today you would earn a total of 564.00 from holding Visa or generate 4.35% return on investment over 30 days.