This module allows you to analyze existing cross correlation between DOW and Apple Inc. You can compare the effects of market volatilities on DOW and Apple 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 Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Apple.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the Apple. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.01 times less risky than Apple. The index trades about -0.04 of its potential returns per unit of risk. The Apple Inc is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 17,243 in Apple Inc on February 16, 2018 and sell it today you would earn a total of 559.00 from holding Apple Inc or generate 3.24% return on investment over 30 days.