This module allows you to analyze existing cross correlation between The Home Depot and Apple. You can compare the effects of market volatilities on Home Depot and Apple 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 Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of Home Depot and Apple.
|Time Horizon||30 Days Login to change|
The Home Depot Inc vs. Apple Inc
Allowing for the 30-days total investment horizon, The Home Depot is expected to generate 1.04 times more return on investment than Apple. However, Home Depot is 1.04 times more volatile than Apple. It trades about 0.4 of its potential returns per unit of risk. Apple is currently generating about -0.1 per unit of risk. If you would invest 18,500 in The Home Depot on May 26, 2018 and sell it today you would earn a total of 1,241 from holding The Home Depot or generate 6.71% return on investment over 30 days.