- Companies in United States
This module allows you to analyze existing cross correlation between Best Buy Co Inc and American Airlines Group Inc. You can compare the effects of market volatilities on Best Buy and American Airlines 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 Best Buy with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and American Airlines.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy Co Inc is expected to generate 1.25 times more return on investment than American Airlines. However, Best Buy is 1.25 times more volatile than American Airlines Group Inc. It trades about -0.11 of its potential returns per unit of risk. American Airlines Group Inc is currently generating about -0.14 per unit of risk. 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.