- Companies in United States
This module allows you to analyze existing cross correlation between Agilent Technologies Inc and Merck Co Inc. You can compare the effects of market volatilities on Agilent Technologies and Merck 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 Agilent Technologies with a short position of Merck. See also your portfolio center.Please also check ongoing floating volatility patterns of Agilent Technologies and Merck.
|Investment Horizon||30 Days Login to change|
Taking into account the 30 trading days horizon, Agilent Technologies Inc is expected to generate 1.06 times more return on investment than Merck. However, Agilent Technologies is 1.06 times more volatile than Merck Co Inc. It trades about -0.05 of its potential returns per unit of risk. Merck Co Inc is currently generating about -0.08 per unit of risk. If you would invest 4,657 in Agilent Technologies Inc on September 24, 2016 and sell it today you would lose (64.00) from holding Agilent Technologies Inc or give up 1.37% of portfolio value over 30 days.