- Companies in United States
This module allows you to analyze existing cross correlation between Apple Inc and CVS Health Corporation. You can compare the effects of market volatilities on Apple and CVS Health 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 Apple with a short position of CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and CVS Health.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Apple is expected to generate 1.73 times less return on investment than CVS Health. But when comparing it to its historical volatility, Apple Inc is 1.91 times less risky than CVS Health. It trades about 0.29 of its potential returns per unit of risk. CVS Health Corporation is currently generating about 0.26 of returns per unit of risk over similar time horizon. If you would invest 7,993 in CVS Health Corporation on December 19, 2016 and sell it today you would earn a total of 399.00 from holding CVS Health Corporation or generate 4.99% return on investment over 30 days.