- Companies in United States
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. But the stock apears to be less risky and, when comparing its historical volatility, American Airlines Group Inc is 1.25 times less risky than Best Buy. The stock trades about -0.14 of its potential returns per unit of risk. The Best Buy Co Inc is currently generating about -0.11 of returns per unit of risk over similar time horizon. If you would invest 4,656 in Best Buy Co Inc on December 19, 2016 and sell it today you would lose (168.00) from holding Best Buy Co Inc or give up 3.61% of portfolio value over 30 days.