This module allows you to analyze existing cross correlation between International Business Machines Corporation and American Airlines Group. You can compare the effects of market volatilities on International Business 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 International Business with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of International Business and American Airlines.
|Time Horizon||30 Days Login to change|
International Business Machine vs. American Airlines Group Inc
Considering 30-days investment horizon, International Business Machines Corporation is expected to under-perform the American Airlines. But the stock apears to be less risky and, when comparing its historical volatility, International Business Machines Corporation is 2.26 times less risky than American Airlines. The stock trades about -0.17 of its potential returns per unit of risk. The American Airlines Group is currently generating about -0.06 of returns per unit of risk over similar time horizon. If you would invest 4,288 in American Airlines Group on May 22, 2018 and sell it today you would lose (97.00) from holding American Airlines Group or give up 2.26% of portfolio value over 30 days.