This module allows you to analyze existing cross correlation between FirstEnergy Corp and Facebook. You can compare the effects of market volatilities on FirstEnergy Corp 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 FirstEnergy Corp with a short position of Facebook. See also your portfolio center. Please also check ongoing floating volatility patterns of FirstEnergy Corp and Facebook.
|Time Horizon||30 Days Login to change|
FirstEnergy Corp vs. Facebook Inc
Allowing for the 30-days total investment horizon, FirstEnergy Corp is expected to generate 3.0 times less return on investment than Facebook. But when comparing it to its historical volatility, FirstEnergy Corp is 1.15 times less risky than Facebook. It trades about 0.16 of its potential returns per unit of risk. Facebook is currently generating about 0.41 of returns per unit of risk over similar time horizon. If you would invest 18,492 in Facebook on May 25, 2018 and sell it today you would earn a total of 1,682 from holding Facebook or generate 9.1% return on investment over 30 days.