This module allows you to analyze existing cross correlation between Apple and Alcoa Corporation. You can compare the effects of market volatilities on Apple 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 Apple with a short position of Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Alcoa.
|Time Horizon||30 Days Login to change|
Apple Inc vs. Alcoa Corp.
Given the investment horizon of 30 days, Apple is expected to generate 0.36 times more return on investment than Alcoa. However, Apple is 2.8 times less risky than Alcoa. It trades about -0.03 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.23 per unit of risk. If you would invest 18,763 in Apple on May 21, 2018 and sell it today you would lose (109.00) from holding Apple or give up 0.58% of portfolio value over 30 days.