This module allows you to analyze existing cross correlation between DOW and American Airlines Group Inc. You can compare the effects of market volatilities on DOW 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 DOW with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and American Airlines.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 2.4 times less return on investment than American Airlines. But when comparing it to its historical volatility, DOW is 3.8 times less risky than American Airlines. It trades about 0.62 of its potential returns per unit of risk. American Airlines Group Inc is currently generating about 0.39 of returns per unit of risk over similar time horizon. If you would invest 5,144 in American Airlines Group Inc on December 19, 2017 and sell it today you would earn a total of 690 from holding American Airlines Group Inc or generate 13.41% return on investment over 30 days.