This module allows you to analyze existing cross correlation between American Airlines Group Inc and International Business Machines Corporation. You can compare the effects of market volatilities on American Airlines and International Business 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 International Business. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and International Business.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, American Airlines Group Inc is expected to under-perform the International Business. In addition to that, American Airlines is 3.19 times more volatile than International Business Machines Corporation. It trades about -0.07 of its total potential returns per unit of risk. International Business Machines Corporation is currently generating about 0.12 per unit of volatility. If you would invest 17,829 in International Business Machines Corporation on January 25, 2017 and sell it today you would earn a total of 306.00 from holding International Business Machines Corporation or generate 1.72% return on investment over 30 days.