This module allows you to analyze existing cross correlation between BP and Facebook. You can compare the effects of market volatilities on BP and Facebook 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 BP with a short position of Facebook. See also your portfolio center. Please also check ongoing floating volatility patterns of BP and Facebook.
|Time Horizon||30 Days Login to change|
BP PLC vs. Facebook Inc
Allowing for the 30-days total investment horizon, BP is expected to under-perform the Facebook. In addition to that, BP is 1.36 times more volatile than Facebook. It trades about -0.18 of its total potential returns per unit of risk. Facebook is currently generating about 0.32 per unit of volatility. If you would invest 18,449 in Facebook on May 20, 2018 and sell it today you would earn a total of 1,292 from holding Facebook or generate 7.0% return on investment over 30 days.