- Companies in United States
This module allows you to analyze existing cross correlation between Apple Inc and Sony Corporation. You can compare the effects of market volatilities on Apple and Sony 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 Sony. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Sony.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Apple is expected to generate 2.72 times less return on investment than Sony. But when comparing it to its historical volatility, Apple Inc is 2.03 times less risky than Sony. It trades about 0.28 of its potential returns per unit of risk. Sony Corporation is currently generating about 0.38 of returns per unit of risk over similar time horizon. If you would invest 2,884 in Sony Corporation on December 18, 2016 and sell it today you would earn a total of 221.00 from holding Sony Corporation or generate 7.66% return on investment over 30 days.