This module allows you to analyze existing cross correlation between The Home Depot and CVS Health Corporation. You can compare the effects of market volatilities on Home Depot and CVS Health 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 CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of Home Depot and CVS Health.
|Time Horizon||30 Days Login to change|
The Home Depot Inc vs. CVS Health Corp.
Allowing for the 30-days total investment horizon, Home Depot is expected to generate 1.92 times less return on investment than CVS Health. But when comparing it to its historical volatility, The Home Depot is 2.36 times less risky than CVS Health. It trades about 0.26 of its potential returns per unit of risk. CVS Health Corporation is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest 6,550 in CVS Health Corporation on May 21, 2018 and sell it today you would earn a total of 600.00 from holding CVS Health Corporation or generate 9.16% return on investment over 30 days.