This module allows you to analyze existing cross correlation between Visa and Best Buy Co. You can compare the effects of market volatilities on Visa and Best Buy 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 Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of Visa and Best Buy.
|Time Horizon||30 Days Login to change|
Visa Inc vs. Best Buy Co Inc
Taking into account the 30 trading days horizon, Visa is expected to generate 2.85 times less return on investment than Best Buy. But when comparing it to its historical volatility, Visa is 1.81 times less risky than Best Buy. It trades about 0.14 of its potential returns per unit of risk. Best Buy Co is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 7,090 in Best Buy Co on May 24, 2018 and sell it today you would earn a total of 536.00 from holding Best Buy Co or generate 7.56% return on investment over 30 days.