American Airlines Group Inc vs. Best Buy Co Inc
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Best Buy. But the stock apears to be less risky and, when comparing its historical volatility, American Airlines Group is 1.37 times less risky than Best Buy. The stock trades about -0.17 of its potential returns per unit of risk. The Best Buy Co is currently generating about -0.04 of returns per unit of risk over similar time horizon. If you would invest 7,830 in Best Buy Co on May 21, 2018 and sell it today you would lose (189.00) from holding Best Buy Co or give up 2.41% of portfolio value over 30 days.
Pair Corralation between American Airlines and Best Buy
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding American Airlines Group Inc and Best Buy Co Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Best Buy Co and American Airlines is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on American Airlines Group are associated (or correlated) with Best Buy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Best Buy Co has no effect on the direction of American Airlines i.e. American Airlines and Best Buy go up and down completely randomly.
Over the last 30 days American Airlines Group has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Best Buy Co has generated negative risk-adjusted returns adding no value to investors with long positions.
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