This module allows you to analyze existing cross correlation between Alcoa Inc and The Home Depot Inc. You can compare the effects of market volatilities on Alcoa and Home Depot 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 Home Depot. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Home Depot.
|Investment Horizon||30 Days Login to change|
Allowing for the 30-days total investment horizon, Alcoa Inc is expected to under-perform the Home Depot. In addition to that, Alcoa is 3.26 times more volatile than The Home Depot Inc. It trades about -0.11 of its total potential returns per unit of risk. The Home Depot Inc is currently generating about 0.43 per unit of volatility. If you would invest 13,748 in The Home Depot Inc on January 25, 2017 and sell it today you would earn a total of 847.00 from holding The Home Depot Inc or generate 6.16% return on investment over 30 days.