- Companies in United States
This module allows you to analyze existing cross correlation between Microsoft Corporation and Merck Co Inc. You can compare the effects of market volatilities on Microsoft and Merck 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 Microsoft with a short position of Merck. See also your portfolio center.Please also check ongoing floating volatility patterns of Microsoft and Merck.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Microsoft Corporation is expected to under-perform the Merck. But the stock apears to be less risky and, when comparing its historical volatility, Microsoft Corporation is 1.46 times less risky than Merck. The stock trades about -0.02 of its potential returns per unit of risk. The Merck Co Inc is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest 6,005 in Merck Co Inc on November 6, 2016 and sell it today you would lose (30.00) from holding Merck Co Inc or give up 0.5% of portfolio value over 30 days.