DOW vs. Apple Inc
Given the investment horizon of 30 days, DOW is expected to generate 1.88 times more return on investment than Apple. However, DOW is 1.88 times more volatile than Apple. It trades about 0.01 of its potential returns per unit of risk. Apple is currently generating about -0.06 per unit of risk. If you would invest 2,470,021 in DOW on May 21, 2018 and sell it today you would earn a total of 28,726 from holding DOW or generate 1.16% return on investment over 30 days.
Pair Corralation between DOW and Apple
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding DOW and Apple Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Apple 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 Apple. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apple has no effect on the direction of DOW i.e. DOW and Apple go up and down completely randomly.
|IT, Search Cloud And Integrated IT Services|
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