This module allows you to analyze existing cross correlation between DOW and American Airlines Group. 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|
DOW vs. American Airlines Group Inc
Given the investment horizon of 30 days, DOW is expected to generate 0.67 times more return on investment than American Airlines. However, DOW is 1.49 times less risky than American Airlines. It trades about -0.04 of its potential returns per unit of risk. American Airlines Group is currently generating about -0.14 per unit of risk. If you would invest 2,530,999 in DOW on March 25, 2018 and sell it today you would lose (86,130) from holding DOW or give up 3.4% of portfolio value over 30 days.