- Companies in United States
This module allows you to analyze existing cross correlation between Alphabet Inc and Merck Co Inc. You can compare the effects of market volatilities on Alphabet and Merck 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 Alphabet with a short position of Merck. See also your portfolio center.Please also check ongoing floating volatility patterns of Alphabet and Merck.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Alphabet Inc is expected to generate 1.43 times more return on investment than Merck. However, Alphabet is 1.43 times more volatile than Merck Co Inc. It trades about 0.18 of its potential returns per unit of risk. Merck Co Inc is currently generating about -0.23 per unit of risk. If you would invest 75,361 in Alphabet Inc on November 11, 2016 and sell it today you would earn a total of 3,568 from holding Alphabet Inc or generate 4.73% return on investment over 30 days.