This module allows you to analyze existing cross correlation between American Airlines Group and Apple. You can compare the effects of market volatilities on American Airlines and Apple 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 American Airlines with a short position of Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Apple.
|Time Horizon||30 Days Login to change|
American Airlines Group Inc vs. Apple Inc
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Apple. In addition to that, American Airlines is 2.13 times more volatile than Apple. It trades about -0.05 of its total potential returns per unit of risk. Apple is currently generating about -0.02 per unit of volatility. If you would invest 18,728 in Apple on May 22, 2018 and sell it today you would lose (78.00) from holding Apple or give up 0.42% of portfolio value over 30 days.