This module allows you to analyze existing cross correlation between American Airlines Group Inc and Best Buy Co Inc. You can compare the effects of market volatilities on American Airlines and Best Buy 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 Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Best Buy.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, American Airlines Group Inc is expected to under-perform the Best Buy. In addition to that, American Airlines is 1.18 times more volatile than Best Buy Co Inc. It trades about -0.07 of its total potential returns per unit of risk. Best Buy Co Inc is currently generating about 0.06 per unit of volatility. If you would invest 4,467 in Best Buy Co Inc on January 25, 2017 and sell it today you would earn a total of 89.00 from holding Best Buy Co Inc or generate 1.99% return on investment over 30 days.