This module allows you to analyze existing cross correlation between The Home Depot and American Airlines Group. You can compare the effects of market volatilities on Home Depot and American Airlines 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 Home Depot with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of Home Depot and American Airlines.
|Time Horizon||30 Days Login to change|
The Home Depot Inc vs. American Airlines Group Inc
Allowing for the 30-days total investment horizon, The Home Depot is expected to generate 0.51 times more return on investment than American Airlines. However, The Home Depot is 1.96 times less risky than American Airlines. It trades about 0.27 of its potential returns per unit of risk. American Airlines Group is currently generating about -0.17 per unit of risk. If you would invest 18,979 in The Home Depot on May 20, 2018 and sell it today you would earn a total of 920.00 from holding The Home Depot or generate 4.85% return on investment over 30 days.