This module allows you to analyze existing cross correlation between Best Buy Co Inc and CVS Health Corporation. You can compare the effects of market volatilities on Best Buy 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 Best Buy with a short position of CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and CVS Health.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy is expected to generate 1.14 times less return on investment than CVS Health. In addition to that, Best Buy is 1.45 times more volatile than CVS Health Corporation. It trades about 0.06 of its total potential returns per unit of risk. CVS Health Corporation is currently generating about 0.1 per unit of volatility. If you would invest 7,949 in CVS Health Corporation on January 25, 2017 and sell it today you would earn a total of 199.00 from holding CVS Health Corporation or generate 2.5% return on investment over 30 days.