This module allows you to analyze existing cross correlation between Altaba and Alphabet. You can compare the effects of market volatilities on Altaba and Alphabet 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 Altaba with a short position of Alphabet. See also your portfolio center. Please also check ongoing floating volatility patterns of Altaba and Alphabet.
|Time Horizon||30 Days Login to change|
Altaba Inc vs. Alphabet Inc
Given the investment horizon of 30 days, Altaba is expected to generate 1.11 times less return on investment than Alphabet. But when comparing it to its historical volatility, Altaba is 1.13 times less risky than Alphabet. It trades about 0.31 of its potential returns per unit of risk. Alphabet is currently generating about 0.3 of returns per unit of risk over similar time horizon. If you would invest 107,958 in Alphabet on May 19, 2018 and sell it today you would earn a total of 7,268 from holding Alphabet or generate 6.73% return on investment over 30 days.