This module allows you to analyze existing cross correlation between Apple and International Business Machines Corporation. You can compare the effects of market volatilities on Apple and International Business 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 International Business. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and International Business.
|Time Horizon||30 Days Login to change|
Apple Inc vs. International Business Machine
Given the investment horizon of 30 days, Apple is expected to generate 1.07 times more return on investment than International Business. However, Apple is 1.07 times more volatile than International Business Machines Corporation. It trades about -0.11 of its potential returns per unit of risk. International Business Machines Corporation is currently generating about -0.13 per unit of risk. If you would invest 18,815 in Apple on May 24, 2018 and sell it today you would lose (323.00) from holding Apple or give up 1.72% of portfolio value over 30 days.