This module allows you to analyze existing cross correlation between Alcoa Inc and Aluminum Corporation Of China Limited. You can compare the effects of market volatilities on Alcoa and Aluminum Corporation 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 Alcoa with a short position of Aluminum Corporation. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Aluminum Corporation.
|Investment Horizon||30 Days Login to change|
Allowing for the 30-days total investment horizon, Alcoa Inc is expected to under-perform the Aluminum Corporation. But the stock apears to be less risky and, when comparing its historical volatility, Alcoa Inc is 1.05 times less risky than Aluminum Corporation. The stock trades about -0.11 of its potential returns per unit of risk. The Aluminum Corporation Of China Limited is currently generating about -0.05 of returns per unit of risk over similar time horizon. If you would invest 1,293 in Aluminum Corporation Of China Limited on January 25, 2017 and sell it today you would lose (38.00) from holding Aluminum Corporation Of China Limited or give up 2.94% of portfolio value over 30 days.