This module allows you to analyze existing cross correlation between Best Buy Co and CVS Health Corporation. You can compare the effects of market volatilities on Best Buy and CVS Health 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 Best Buy with a short position of CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and CVS Health.
|Time Horizon||30 Days Login to change|
Best Buy Co Inc vs. CVS Health Corp.
Considering 30-days investment horizon, Best Buy Co is expected to generate 0.68 times more return on investment than CVS Health. However, Best Buy Co is 1.47 times less risky than CVS Health. It trades about 0.39 of its potential returns per unit of risk. CVS Health Corporation is currently generating about 0.23 per unit of risk. If you would invest 6,845 in Best Buy Co on May 25, 2018 and sell it today you would earn a total of 781.00 from holding Best Buy Co or generate 11.41% return on investment over 30 days.