This module allows you to analyze existing cross correlation between Papa Johns International and Hyatt Hotels Corporation. You can compare the effects of market volatilities on Papa Johns and Hyatt Hotels 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 Papa Johns with a short position of Hyatt Hotels. See also your portfolio center. Please also check ongoing floating volatility patterns of Papa Johns and Hyatt Hotels.
|Time Horizon||30 Days Login to change|
Papa Johns International Inc vs. Hyatt Hotels Corp.
Given the investment horizon of 30 days, Papa Johns International is expected to generate 1.44 times more return on investment than Hyatt Hotels. However, Papa Johns is 1.44 times more volatile than Hyatt Hotels Corporation. It trades about 0.08 of its potential returns per unit of risk. Hyatt Hotels Corporation is currently generating about -0.07 per unit of risk. If you would invest 5,275 in Papa Johns International on May 24, 2018 and sell it today you would earn a total of 158.00 from holding Papa Johns International or generate 3.0% return on investment over 30 days.