This module allows you to analyze existing cross correlation between The Home Depot and Chevron Corporation. You can compare the effects of market volatilities on Home Depot and Chevron 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 Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of Home Depot and Chevron.
|Time Horizon||30 Days Login to change|
The Home Depot Inc vs. Chevron Corp.
Allowing for the 30-days total investment horizon, The Home Depot is expected to generate 0.57 times more return on investment than Chevron. However, The Home Depot is 1.74 times less risky than Chevron. It trades about 0.26 of its potential returns per unit of risk. Chevron Corporation is currently generating about -0.1 per unit of risk. If you would invest 18,979 in The Home Depot on May 21, 2018 and sell it today you would earn a total of 915.00 from holding The Home Depot or generate 4.82% return on investment over 30 days.