- Companies in United States
This module allows you to analyze existing cross correlation between Best Buy Co Inc and Apple Inc. You can compare the effects of market volatilities on Best Buy and Apple 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 Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Apple.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy Co Inc is expected to under-perform the Apple. In addition to that, Best Buy is 3.23 times more volatile than Apple Inc. It trades about -0.11 of its total potential returns per unit of risk. Apple Inc is currently generating about 0.29 per unit of volatility. If you would invest 11,664 in Apple Inc on December 19, 2016 and sell it today you would earn a total of 336.00 from holding Apple Inc or generate 2.88% return on investment over 30 days.