- Companies in United States
This module allows you to analyze existing cross correlation between American Airlines Group Inc and Alcoa Inc. You can compare the effects of market volatilities on American Airlines and Alcoa 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 American Airlines with a short position of Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Alcoa.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, American Airlines Group Inc is expected to under-perform the Alcoa. But the stock apears to be less risky and, when comparing its historical volatility, American Airlines Group Inc is 1.88 times less risky than Alcoa. The stock trades about -0.14 of its potential returns per unit of risk. The Alcoa Inc is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest 2,929 in Alcoa Inc on December 19, 2016 and sell it today you would earn a total of 335.00 from holding Alcoa Inc or generate 11.44% return on investment over 30 days.