This module allows you to analyze existing cross correlation between DOW and Madrid Gnrl. You can compare the effects of market volatilities on DOW and Madrid Gnrl 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 DOW with a short position of Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Madrid Gnrl.
|Horizon||30 Days Login to change|
Predicted Return Density
DOW vs. Madrid Gnrl
Given the investment horizon of 30 days, DOW is expected to under-perform the Madrid Gnrl. In addition to that, DOW is 1.03 times more volatile than Madrid Gnrl. It trades about 0.0 of its total potential returns per unit of risk. Madrid Gnrl is currently generating about 0.03 per unit of volatility. If you would invest 92,130 in Madrid Gnrl on September 17, 2019 and sell it today you would earn a total of 1,147 from holding Madrid Gnrl or generate 1.24% return on investment over 30 days.
Pair Corralation between DOW and Madrid Gnrl
|Time Period||3 Months [change]|
Diversification Opportunities for DOW and Madrid Gnrl
Overlapping area represents the amount of risk that can be diversified away by holding DOW and Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl and DOW is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on DOW are associated (or correlated) with Madrid Gnrl. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madrid Gnrl has no effect on the direction of DOW i.e. DOW and Madrid Gnrl go up and down completely randomly.
See also your portfolio center. Please also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.